FedEx also provided the first specifics on the impact of this year’s US$4.9 billion acquisition of Dutch shipper TNT Express. Last season, FedEx faced heavy criticism for failing to deliver some packages by Christmas because of an unexpected last-minute surge in online purchases. FedEx Express will deliver on Christmas Eve this year, although FedEx Ground won’t. Raising RatesFedEx said Monday it would raise U.S. shipping rates an average 3.9% at FedEx Express effective Jan 2, and 4.9% at FedEx Ground and FedEx Home Delivery. Including TNT Express, FedEx said full-year adjusted earnings will be US$10.85 to US$11.35.

Source: The Edge Markets September 21, 2016 04:52 UTC