, a unit of
, will increase its rates by an average of 4.9% for shipments within the U.S. and 2.9% elsewhere starting Feb. 1.
The company said the increase is the first since last year. The express shipping company said customers can get customized rates quotes on its rate guide Web site.
Shares of FedEx gained 35 cents, or 0.9%, to $38.50 in recent
New York Stock Exchange
Earlier this month, FedEx indicated that the slowing economy was dampening its
outlook, before reporting
second-quarter earnings that met expectations.