National

Dec 7, 2009 4:50 AM by Ariel Mata

Federal Express Raises Shipping Rates

FedEx is raising shipping rates for ground and home delivery. 

The rates will go up by 4.9%.  Express package rates will also go up by 5.9%.

The new rates go into effect January 4, 2010. 

FedEx saw its fiscal 2010 first quarter earnings fall 53%. The shipping company disclosed quarterly earnings of $181 million, compared to $384 million a year ago.

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