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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

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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


(END) Dow Jones Newswires

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

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

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