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Stock impact report

How FedEx, UPS shippers can limit fuel surcharge pressures [Yahoo! Finance]

United Parcel Service, Inc. (UPS) 
Last united parcel service, inc. earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.ups.com
Company Research Source: Yahoo! Finance
FedEx, UPS and other parcel carriers are levying higher surcharges and rates amid escalating fuel costs tied to the war in Iran, a development experts say is challenging shippers' transportation budgets. Both FedEx and UPS increased their fuel surcharge rates, which are tied to diesel fuel and jet fuel prices posted by the U.S. Energy Information Administration, by several percentage points in March. The rate applies to just about every type of charge on the carrier's shipping services, meaning "the impact of these increases is felt exponentially," said David Sullivan, director of professional services at ShipScience, in an email. FedEx, UPS fuel surcharge rates escalate in March Weekly fuel surcharge percentages for FedEx and UPS ground shipping services since January 5. The two carriers aren't alone in bumping up charges in response to escalating fuel costs. The U.S. Postal Service plans to levy an 8% temporary price hike on several package shipping offerings, including Gro Show less Read more
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