Benzinga | Sep 21, 2021 08:36AM EDT

FedEx To Raise Shipping Rates For FedEx Express, FedEx Ground, FedEx Freight Services

* FedEx Express, FedEx Ground, and FedEx Freight, subsidiaries of FedEx Corp (NYSE:FDX), will increase shipping rates from January 3, 2022.

* FedEx to increase FedEx Express shipping rates by an average of 5.9% for U.S. domestic, U.S. export, and U.S. import services.

* FedEx Ground and FedEx Home Delivery shipping rates to increase by an average of 5.9%. FedEx Ground Economy shipping rates will also increase.

* FedEx Freight shipping rates to increase by an average of 5.9% for customers who use FXF PZONE and FXF EZONE and by 7.9% for customers who use FXF 1000 and 501. FedEx Freight shipping rates will also increase for shipments within Canada, within Mexico, and between the contiguous U.S. and Mexico.

* FedEx will offer customers who ship internationally with an additional option for time-definite deliveries in one to three business days, starting January 3, 2022.

* Price Action: FDX shares are trading higher by 0.94% at $253.15 during the premarket session on Tuesday.