Canadian retailers face soaring fuel surcharges to ship online orders [Globe and Mail, The (Toronto, Canada)]
FedEx Corporation (FDX)
Last fedex corporation earnings: 3/17 04:03 pm
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Source: Globe and Mail, The
The additional charge is sending the cost of shipping goods within Canada higher, topping 40 per cent for some carriers. For stores with high online return rates, such as apparel and footwear companies, the increased cost of shipping can be especially challenging. So far, most companies are trying to absorb the extra domestic shipping charges, Retail Council of Canada spokeswoman Michelle Wasylyshen said. With inflation squeezing consumers and an ongoing battle for online dollars, she said retailers are reluctant to pass on costs. “Retail is one of the most competitive industries in Canada, so raising minimum free shipping thresholds or adding surcharges to consumers directly is often done as a last resort,” she said. “Retailers would prefer to find savings elsewhere.” Higher domestic shipping costs come as international freight costs finally begin to stabilize. Retailers have basically traded more reasonable international container freight rates for higher shipping wit
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FDX
Earnings
- 3/21/24 - Beat
FDX
Sec Filings
- 4/9/24 - Form 4
- 4/9/24 - Form 144
- 4/8/24 - Form 4
- FDX's page on the SEC website