FedEx announces LTL rate hike

FedEx announces LTL rate hike
   FedEx said Friday its regional and national less-than-truckload businesses would implement a 5.9 percent rate increase for the United States and Canada, effective Feb. 1.
   Rate changes for express delivery and ground parcel operations were previously announced.
   The rate increases come on the heels of a price war in the LTL industry and at a time when the industry is flush with capacity. Smaller shippers tend to pay the full rate increase while large shippers are often able to negotiate lower rates.