FedEx to raise ground and home delivery rates



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NEW YORK (AP) - FedEx will raise its FedEx Ground and FedEx Home Delivery rates in January in addition to raising express shipping rates.

The Memphis, Tenn., company says ground and home delivery rates will increased by an average of 4.9 percent on Jan. 6. FedEx SmartPost rates will also change. Details of new surcharges and rates will be posted to the company's website on Friday.

In September FedEx Corp. said it would raise FedEx Express shipping rates by 3.9 percent on average. That change will also take effect Jan. 6.

FedEx Corp. shares fell 49 cents to $138.22 on Thursday.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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