FedEx Ground Boosting Rates By 4.9%

FedEx Corp. said Friday it will increase its FedEx Ground unit’s shipping rates by an average of 4.9%, starting in January.

The net amount takes into account the price increase for FedEx Ground and FedEx Home Delivery, which will be an average of 6.9%, offset by a 2% reduction in the fuel surcharge.

The increase matches FedEx’s announcement last month that it planned to raise its air shipping rates by the same amount.

FedEx is ranked No. 2 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.