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 ...
For all his fiery campaign rhetoric, it seems Donald Trump has backed down from his plans to “tear up” the North American Free Trade Agreement (NAFTA). All it took to topple this campaign pledge was the pleas of UPS and FedEx, as well as individual transportation companies. According to SupplyChain24/7, these companies have benefitted from a 400% boom in cross-border trade since the birth of NAFTA 23 years ago. When the newly elected commander-in-chief claimed to be “psyched” about severing the popular pact among the US, Canada and Mexico, the transport community acted. Now it seems, the administration is angling toward a tweak, rather than a trashing, of the agreement.
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