MEMPHIS, TENN., Dec. 2, 2011 — FedEx Corp. (NYSE: FDX) will increase shipping rates for FedEx Ground and FedEx Home Delivery by a net average of 4.9 percent effective Jan. 2, 2012.

The FedEx Ground and FedEx Home Delivery full average rate increase of 5.9 percent will be partially offset by adjusting the fuel price threshold at which the fuel surcharge begins, reducing the fuel surcharge by one percentage point. FedEx SmartPost rates also will change. 

Details of surcharge changes and new rates for FedEx Ground will be available at on Dec. 9, 2011.