SCD: UPS, FedEx fuel surcharge hikes to heat up delivery prices
SUPPLY CHAIN DIVE reports: FedEx and UPS’ index-based fuel surcharges are adjusted weekly based on prices ...
Supply Chain Dive writes:
– UPS will reduce the peak surcharge on air shipments from mainland China to the U.S., according to a notice on UPS’ website. The lower surcharge amount takes effect Sunday and remains in place until further notice.
– The reductions range from 22 cents per pound to 45 cents per pound as outlined in the table below. UPS implemented surcharges on shipments from China and Hong Kong starting April 5, citing “increased demand for air cargo capacity and the increased costs to maintain service during this period” in a March 20 announcement. It increased the surcharge April 12 and again May 24.
– The surcharge on international shipments from all other origins, including Hong Kong, will stay the same. Peak surcharges on domestic shipments through Ground Residential and SurePost also remain in effect.
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