The price of diesel is down 30% from a year ago, but UPS still charges customers a 5.25% fuel surcharge on top of whatever it would cost to ship a package. FedEx’s fuel surcharge is 4.25% for ground shipments and 2.75% for express shipments.
The surcharges have earned both companies a place on Consumer Reports’ list of “naughty” companies for Christmas 2015.
- As many investors would expect, FedEx Corporation (NYSE: FDX) and United Parcel Service, Inc. (NYSE: UPS) thrive during the busy holiday season.
- Online holiday sales are expected to grow as much as 8 percent this year, eclipsing last year’s 5.8 percent.
- Meanwhile, retailers are sitting on record high inventories and could turn some stores into e-commerce hubs to boost sales.
On Wednesday, Talladega County Sheriff Jimmy Kilgore posted a message on his Facebook page to offer a warning about the supposed purchase of tens of thousands of uniforms from the delivery service. The message appeared to be coming from the Department of Homeland Security.
UPS announced another next generation driver training facility in Atlanta, building on an ongoing commitment to bring UPS drivers the very best training available. The new UPS Integrad® facility bolsters UPS’s growing portfolio of advanced training sites, increasing the pace of preparing UPS drivers to serve customers safely and efficiently.