FedEx raising ground rate

The Associated Press

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MEMPHIS, Tenn. -- FedEx Corp. is raising rates for ground shipping and home delivery by an average of 4.9 percent next month.

The world's second-largest package delivery company said Friday that the new rates will take effect Jan. 3. The full rate increase of about 5.9 percent is being partly offset by adjusting when the fuel surcharges kick in, which trims the surcharge by 1 percentage point.

FedEx also said rates for its SmartPost service - contracts with individual shippers - will change, but it declined to give details.

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