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 ...
Seeking Alpha reports: “Broad selling in the transportation sector is being taken by some market watchers as a leading indication of weakening investor sentiment on stocks as a whole. While FedEx (FDX -5.8%), UPS (UPS -6.2%) and trucking stocks were hit by biting analyst commentary this morning (Amazon Air impact, intermodal pricing) – railroad and airline stocks are also seeing some selling pressure.”
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