Shipping rates for FedEx SmartPost, used for low-weight residential shipments will also rise. On a GAAP basis, FedEx’s earnings dropped to $745 million or $2.84 per share in this first quarter from $835 million or $3.10 per share in the prior year same quarter.įedEx states shipping rates will increase by an average of 4.9% for Express and Ground services, while FedEx Freight will increase the shipping rate by an average of 5.9%. In September, FedEx reported its first quarter fiscal year 2020 earnings that missed analysts’ views and the company also lowered its guidance for full-year 2020.FedEx opted NOT to renew their ground or express shipping contract with Amazon.The increase goes into effect on January 6 th, 2020 and will apply to Express, Ground, Home Delivery and Freight services.īefore we get into the details of the rate increase, a couple of points noted below are worth highlighting: On September 16, 2019, FedEx announced their 2020 shipping rate increase.
