FedEx and UPS Shippers Face Rising Fuel Surcharges Amid Amazon's Expansion
Q2 saw record-high ground parcel rates due to increased fuel surcharges from FedEx (FDX) and UPS (UPS), with costs up significantly year-over-year. The TD Cowen/AFS Freight Index reported a 42.4% increase over the January 2018 baseline, driven by higher diesel prices linked to geopolitical tensions.
Topics: Amazon FedEx fuel_surcharges supply_chain UPS