News / Determined FedEx hikes prices despite overcapacity in parcel market

© Alexlmx |

FedEx is ringing in the next year on an aggressive note: the integrator has announced a general rate increase of 6.9%, its largest year-on-year rate increase.

Analysts had anticipated a rise of about 6% to compensate for elevated costs.

The move does not signal bullishness among FedEx top brass on the market outlook for next year; in light of the company’s recent slump in results, this looks more like part of an effort to stem the decline in earnings, they said.

If anything, ...