Delivery giant FedEx gave shareholders good news by announcing an increase of first quarter company earnings, a show of higher earnings at this quarter than this time last year.
In a September 16 press release, the company reported that the company is doing "solidly given weaker-than-expected economic conditions..." FedEx CEO Frederick Smith stated that the company's results were "impressive" and that the company would go on to "deliver value" for customers in the future.
However, on September 15, just one day prior to announcing their first quarter earnings, FedEx revealed that customers would be paying an additional 4.9% for "U.S. domestic, U.S. export and U.S. import services." Customers will also pay more for packages that "exceed the published maximum dimensions".
The FedEx price increase will begin January 4, 2016.