Parcel Shipping Rates Near Record Highs Due to Fuel Surcharges
Express and ground parcel shipping rates are approaching record highs due to rising fuel surcharges driven by elevated diesel prices linked to the Iran war. The TD Cowen/AFS Freight Index projects a new peak for express parcels in Q3, with carriers like FedEx and UPS using dynamic surcharge formulas to maintain profitability.
Topics: crude_oil_prices FedEx fuel_surcharges shipping_rates UPS