FedEx (FDX) announced late today that it would raise U.S. prices next year.
As of January 4th, the package delivery titan will raise standard list rates for FedEx Ground and FedEx Home Delivery service by 4.9% on average. FedEx previously said it would boost shipping rates for FedEx Express by 5.9%.
Shares edged higher by 69 cents, or 0.8% after the close of regular trading, to $86.63.
Barron’s argued last month that FedEx should produce strong earnings and reward shareholders as the economy recovers (see related Barron’s video).
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