SA: UPS tacks on extra fees to prep for huge holiday rush

© Alexey Novikov

SEEKING ALPHA writes:

– UPS (NYSE:UPS) plans to add holiday fees for large shippers, according to The Wall Street Journal.

– The extra fees will reportedly reflect the added complexity and cost of the unprecedented increase in online orders during pandemic.

– The fees will also create a challenge for large retailers on balancing profitability with competitive pricing. The fee could be as much as $3 a package for ground shipments…

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