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Parcel delivery pricing in the US is weakening at a time when a surge in business should be pushing it up, but the integrators are facing a combination of headwinds.

Until the end of last month FedEx and UPS signalled to investors and customers that they would be standing firm on their peak season surcharges, arguing they were necessary for the investment required to keep up service levels.

Behind the scenes, though, they were fighting a ...

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