FedEx Corp. announced pricing adjustments for FedEx Express and FedEx Ground customers and a change in the fuel surcharge that will be effective Jan. 3, 2005.

FedEx Express will increase package and freight published rates by an average of 4.6 percent for U.S. domestic and export services while lowering its fuel surcharge by 2.0 percentage points, resulting in a net average shipping cost increase of 2.6 percent.

Due to the significant increase in the price of oil since FedEx Express implemented its dynamic fuel surcharge in 2001, the company is adjusting its fuel surcharge index downward to be more in line with the new environment.

Standard list rates for FedEx Ground and FedEx Home Delivery will increase an average of 2.9 percent. In addition, FedEx Ground will introduce an indexed fuel surcharge for both U.S. and international FedEx Ground shipments.

Other changes will also became effective as from Jan. 3, 2005, additional information available at www.fedex.com/us/2005rates.

The 2005 FedEx Express list rates will be available to customers on fedex.com beginning Dec. 3, 2004.