FedEx announced on Monday that it will be raising shipping rates in 2020. Starting in January, the company will implement the following pricing changes:
FedEx Express shipping rates will increase an average of 4.9 percent for U.S., U.S. export, and U.S. import services.
FedEx Ground and FedEx Home Delivery will increase rates an average of 4.9 percent.
FedEx freight shipping rates will increase by an average of 5.9 percent for shipments within the U.S. and between the U.S. and Canada.
FedEx International Premium rates will increase.
Minimum rates for FedEx Express services will increase.
FedEx Ground Multiweight rates will increase.
FedEx SmartPost rates, which are used for low-weight residential shipments, will also increase.
FedEx also said Monday that it won’t tack on holiday surcharges for residential deliveries for the third year in a row, with the exception of shipments that are “oversized, unauthorized or that require additional handling.”
UPS has also announced that it won’t apply holiday surcharges this season. UPS chairman and CEO David Abney said the lack of surcharges is intended to enable UPS customers to “plan now for a great holiday shopping season and to satisfy their customers by utilizing UPS’s industry-leading on-time delivery service.”