FedEx to increase shipping rates across units in 2020

Sept 16 (Reuters) - U.S. package delivery company FedEx Corp said on Monday shipping rates at its express unit, which delivers packages using planes, will increase by an average of 4.9% for domestic, export and import services starting Jan. 6 next year.

There will be a similar increase for its ground and home delivery units as well, the company said in a statement.

Shipping rates at FedEx's freight unit will increase by an average of 5.9% for shipments within the U.S. and between U.S. and Canada.

RELATED: Take a look at some of the most valuable postal stamps: 

10 PHOTOS
What your old stamps are worth now
See Gallery
What your old stamps are worth now
Elvis Presley Stamp 
Asking Price: $1,000,000 

Photo credit: eBay.com

Ronald Regan Signed Balloon Stamp
Asking Price: $499,000

Photo credit: eBay.com

Golden Yuan China Stamp
Asking Price: $77,246.90

Photo credit: eBay.com 

Mauritius 1848 QV Post Paid Stamp
Asking Price: $69,999.99

Photo credit: eBay.com

#147a Printed on Both Sides Error Stamp
Asking Price: $60,000

Photo credit: eBay.com

Imperial Russia Stamp
Asking Price: $45,000

Photo credit: eBay.com

Queen Victoria Penny Grey Black Stamp
Asking Price: $33,266.67

Photo credit: eBay.com
Chinese Imperial Local Stamp 
Asking Price: $25,112

Photo credit: eBay.com 

Pan-Am Inverted Center Error Stamp 
Asking Price: $25,000

Photo credit: eBay.com

Rare Chinese Stamp
Asking Price: $21,000

Photo credit: eBay.com

HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE

The company said it would not apply additional residential surcharges during the holiday season, except for certain shipments, following a similar move by rival United Parcel Service Inc last month. (Reporting by Debroop Roy in Bengaluru; Editing by Shounak Dasgupta)

Read Full Story