MEMPHIS — FedEx Corp. announced Wednesday a general rate increase of 5.5 percent for its FedEx Freight trucking division, to take effect Jan. 14. The Memphis-based shipping company noted a 6 percent drop in less-than-truckload shipments with FedEx Freight in second-quarter earnings report last week. The demand for freight shipping is “severely restrained” by the weak economy, the company said. …
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