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 ...
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By Alex Lennane
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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