FedEx and UPS add 'China fee' ahead of the end of de minimis
In the final weeks before US de minimis exemption for parcels from China ends, UPS ...
FedEx has profited from the boom in online shopping, which happily coincided with a period of successful cost cuts. As a result, yesterday’s first-quarter results beat analyst expectations, despite “sluggish” express delivery earnings. As usual, the integrator announced next year’s price increases: an average of 4.9% in the US. That, of course, is in addition to its new dimensional rate change. The Wall St Journal here gives a decent analysis of the company’s results and notes that the bubble which ...
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