Questions as FedEx and UPS both announce surcharges on ground packages

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FedEx and UPS are to award themselves pay rises again with new handling charges for certain package sizes. Last week, FedEx added a surcharge on large packages, swiftly followed by a similar measure by UPS. As the two companies leading the market in the US, “they did it because they can” a source told Logistics Management. Do two similar announcements, within days of each other, by two hugely profitable companies in a near duopoly, amount to price signaling though?