New York CNN Business —FedEx (FDX)will raise ground and express shipping rates by an average of 6.9% next year, the company said Thursday. Freight rates will increase by an average of 6.9% to 7.9%. Both mark an increase from FedEx’s rate hikes for this year. Last week, FedEx warned that a global recession could be coming, as demand for package deliveries around the world tumble. The weakening global economy, particularly in Asia and Europe, has hurt FedEx’s express delivery business.

---