The increase is set to take effect on Jan. 3, 2022, and will apply to all US domestic, US export and US import services. FedEx Ground, which delivers to businesses, and FedEx home delivery will increase by an average of 5.9%. FedEx Freight customers could see an increase of up to 7.9%.
Freight shipping rates will also increase for shipments within Canada and Mexico, as well as between those countries and the contiguous United States, the company said.
But FedEx customers may also see a price increase before the holiday season.
Starting Nov. 1, a fuel surcharge will be added to certain FedEx shipments, including FedEx Express, FedEx Ground and FedEx Freight shipments.
“These changes reflect incremental costs associated with the challenging operating environment,” the company said in a statement.
– CNN’s Julia Horowitz, Alison Kosik and Moira Ritter contributed to this report.