FedEx Raises Rate

The Memphis, Tenn.–based FedEx Corp. announced a general rate increase of 5.9 percent on interstate and intrastate shipments and on some shipments between the United States, Mexico and Canada. The company cited several factors that contributed to the rate hike, including internal upgrades and new technology, new service centers and an expanded fleet, health-care and insurance, greater security, and upgrades to EPA-compliant engines.