FedEx says it plans to raise shipping rates by an average of 6.9% across most of its services starting in January as the delivery giant copes with a global slowdown in business.
The rate increase is higher than previous years and comes days after the company slashed its profit and sales forecasts.
FedEx and rival UPS raised shipping rates by an average of 5.9% for 2022.
The International Energy Agency says electric vehicle sales are on course to hit an all-time high this year, but more work is needed in other sectors to put the planet on course for net-zero emissions by 2050.
On the EV front, the IEA says global sales doubled in 2021 to represent nearly 9% of the car market, and 2022 is expected to see another all-time high for electric vehicle sales.
Futures are down after stocks closed lower yesterday. The Dow Industrials fell 107, the NASDAQ lost 153 and the S&P 500 was down 32.
