FedEx outlines plan to raise shipping rates next year

• A day ahead of its earnings report, FedEx (NYSE:FDX) says its will raise its shipping rates effective Jan. 2, including an average increase of 3.9% for U.S. domestic, U.S. export and U.S. import services, and an average of 4.9% for its ground and home delivery services.
• FDX also says it will increase freight shipping rates by an average of 4.9% and charge more to ship large packages.
• Earlier this month, rival UPS announced a 4.9% average rate increase.