FedEx follows UPS to hike rates

Customers have lowered number of shipments

4.9 per cent express majors FedEx ground shipments home deliveries January 2013 rates shipments United Parcel Service UPS

FedEx Corp has decided to hike its rates for ground shipments and home deliveries by 4.9 per cent from January 2013. The move comes on the heels of the United Parcel Service (UPS) raising its shipping charges by 4.9 per cent. Both the express majors have been facing depleted volumes and fewer shipments.