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FedEx settles overcharging lawsuit

The company was accused of mislabeling deliveries to cheat companies and government offices out of millions

News that FedEx has reached a settlement over alleged overcharging sent shares of the company soaring last week.

The company faced ongoing allegations that FedEx “systematically overcharge[ed]” commercial and government clients by mislabeling commercial shipments as residential deliveries, which allowed it to collect higher surcharges.

Alanna Byrne

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