FedEx raises rates for freight shipments, cites “severely restrained” demand (Atlanta Journal-Constitution)

FedEx Corp. announced a general rate increase of 5.5 percent Wednesday for its FedEx Freight trucking division. The demand for freight shipping is “severely restrained” by the weak national economy, the company said, noting the 6 percent drop in less-than-truckload shipments with FedEx Freight from a second-quarter earnings report last week. The rate hike for freight trucking, to take effect …

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