FedEx Ground to Increase 2008 Rates by 4.9 Percent

FedEx Corp. will increase the standard list rates for FedEx Ground and FedEx Home Delivery by an average of 4.9 percent. The new rates will be effective Jan. 7, 2008.

FedEx Corp. previously announced an increase to the net average shipping rate for FedEx Express by 4.9 percent, which is composed of a 6.9 percent increase in standard list rates, offset by a 2.0 percentage point reduction in its fuel surcharge. These rates also are effective Jan. 7, 2008 and apply to U.S. and U.S. export express package and freight shipments.

Additional changes will be made to other FedEx Ground and FedEx Home Delivery surcharges effective Jan. 7, 2008.