fedex corp said thursday that it was increasing its rates as it operates in a more difficult environment the carrier said fedex express fedex ground and fedex home delivery rates would increase by an average of 69 effective jan 2 fedex freight rates would increase by an average of 69 to 79 depending on the customers transportationrate scale the memphis tennbased company said the change comes as fedex previously warned that revenue in the second quarter fell below its expectations and it was ushering in a flurry of changes to offset declining volumes of packages the company issued its firstquarter results on thursday