FedEx Freight raises LTL rates

FedEx Corp. said its subsidiary less-than-truckload unit FedEx Freight will increase its rates by an average of 3.9%. The new rate will take effect March 31 and apply to all shipments in the U.S., Mexico and Canada.

This rate increase follows a 3.9% hike in the carrier’s Express and Ground parcel units that took effect in January. Freight rates rose 4.5% last year as carriers phase in new equipment and driver requirements.