US Postal Service seeks temporary 8% price hike to address fuel costs [Yahoo! Finance]
United Parcel Service, Inc. (UPS)
Last united parcel service, inc. earnings: 4/28 07:00 am
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Source: Yahoo! Finance
Postal Service said on Wednesday it is seeking approval for a temporary 8% price ?hike for priority mail and package deliveries, effective April 26, to ?deal with rising transportation fuel costs. The USPS, which needs approval from the Postal Regulatory Commission for ?the temporary price increase, said the surcharge will provide a "bridge to a permanent mechanism to reflect market conditions in prices for competitive products" and comes as USPS has warned it could run out of money as soon as October. The ?hike will not affect the ?price of first-class stamps. USPS said FedEx and UPS have imposed fuel surcharges of 25% to 28% for ground and air ?deliveries since the start of the Iran war as a result of the jump in oil prices, including sharp rises in jet fuel and diesel. "Transportation costs ?have been ?increasing, and our competitors have reacted with ?a number of surcharges," USPS ?said. "We have steadfastly avoided surcharges and this charge is less than one-third of what
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UPS
News
- US Postal Service Plans 8% Fuel Surcharge As Iran War Raises Transport Costs [zero hedge]zero hedge
- 3 Value Stocks with Open Questions [Yahoo! Finance]Yahoo! Finance
- USPS 8% Surcharge Could Hit Small Businesses and Shoppers Alike [CNET News]CNET News
- Postal Service plans 8% fuel surcharge as Iran war raises transport costs [Yahoo! Finance]Yahoo! Finance
- Postal Service to implement first-ever fuel surcharge amid mounting fuel costs, financial challenges [FOX Business Network]FOX Business Network
UPS
Earnings
- 1/27/26 - Beat
UPS
Sec Filings
- 3/25/26 - Form DEFA14A
- 3/19/26 - Form ARS
- 3/19/26 - Form DEFA14A
- UPS's page on the SEC website