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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 | |
|---|---|---|---|---|---|---|---|---|
| 0.32 | 0.12% | 265.84 | 267.45 | 263.31 | 264.47 | 958,577 | 00:02:26 |
From Apr 2022 to Apr 2024
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.
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