FedEx raising ground shipping rates by net 4.9%

FedEx Corp , the world's largest cargo airline, said it would raise average ground shipping rates by an average 4.9 percent, effective Jan. 3.

The Memphis-based company, which expects an 11 percent rise in this year's holiday sales and its busiest day ever on Dec. 13, announced increases in September in its Express and freight rates.

In November, Atlanta-based United Parcel Service Inc , said it would raise rates also by a net 4.9 percent starting Jan. 3 for ground packages, all air express and U.S. originated international shipments. (Reuters)