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Stock impact report

Rising oil costs spark wave of fuel surcharges across economy [Yahoo! Finance]

JetBlue Airways Corporation (JBLU) 
Last jetblue airways corporation earnings: 1/23 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.jetblue.com/investor-relations
Company Research Source: Yahoo! Finance
Gasoline in San Diego now averages $5.94 a gallon. Amazon announced a 3.5 percent surcharge on third-party sellers using its platform, effective April 17. Shipping and airline companies have implemented similar measures to offset the dramatic rise in transportation costs. Rising fuel costs directly increase the price of goods movement. "The bulk of the goods that we buy are moved by truck, and trucks use gasoline or diesel fuel. And so, the cost of moving all that stuff goes higher, and then they're going to either manage those costs or pass those along to their customers," said Mark Hamrick, senior economist with Bankrate. The transportation industry has raised rates across the board. The U.S. Postal Service implemented an 8 percent increase in package delivery rates last week. FedEx added 26.5 percent to ground shipment prices, while UPS raised its ground rates by 27 percent to offset higher oil cost. Airlines have followed with their own fee increases. United and JetBlue bo Show less Read more
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