FedEx announces higher shipping rates for 2023
Fedex has announced a shipping rate hike for 2023.
CNN—Fedex has announced a shipping rate hike for 2023.
The company will raise ground and express shipping rates by an average of 6.9% next year and freight rates will increase by an average of 6.9 to 7.9%.
Shares of the company dropped by 21% last Friday which is the biggest one day drop in company history.