Trade Now

Capital at risk Advertisement
Share Name Share Symbol Market Type
FedEx Corp NYSE:FDX NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -5.31 -3.44% 149.23 152.9397 146.65 150.04 7,206,359 01:00:00

FedEx Raises Rates After 1Q Results Highlight Operational Challenges

22/09/2022 8:36pm

Dow Jones News


FedEx (NYSE:FDX)
Historical Stock Chart


From Aug 2022 to Sep 2022

Click Here for more FedEx Charts.

By Denny Jacob

 

FedEx Corp. said Thursday that it was increasing its rates as it operates in a more difficult environment.

The carrier said FedEx Express, FedEx Ground, and FedEx Home Delivery rates would increase by an average of 6.9%, effective Jan. 2. FedEx Freight rates would increase by an average of 6.9% to 7.9% depending on the customer's transportation-rate scale, the Memphis, Tenn.-based company said.

The change comes as FedEx previously warned that revenue in the second quarter fell below its expectations and it was ushering in a flurry of changes to offset declining volumes of packages. The company issued its first-quarter results on Thursday.

 

Write to Denny Jacob at denny.jacob@wsj.com

 

(END) Dow Jones Newswires

September 22, 2022 15:21 ET (19:21 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

1 Year FedEx Chart

1 Year FedEx Chart

1 Month FedEx Chart

1 Month FedEx Chart
ADVFN Advertorial
Your Recent History
NYSE
FDX
FedEx
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20220925 20:18:38