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Industry News UPS News

FedEx’s peak surcharges go in different direction than UPS – Freight Waves

FedEx targets SmartPost traffic as way to change shipper behavior toward service

FedEx Corp. (NYSE:FDX) disclosed its upcoming peak shipping season surcharges on Tuesday, and tweaked its surcharge language in an effort to set it apart from its chief rival, UPS Inc. (NYSE:UPS).

The FedEx surcharges will apply to customers that shipped more than 35,000 packages via FedEx Express and FedEx Ground in any week covering two separate periods: Oct. 5-18 and Nov. 16-29. The first FedEx surcharge will apply between Nov. 2 and Dec. 13 for the volumes shipped during the October period. The second levy applies between Dec. 14 and Jan. 17 for volumes shipped during the mid-November cycle.

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Industry News UPS News

FedEx, UPS Seek to Prove They Can Thrive in Busiest Holiday Rush – MSN

United Parcel Service Inc. and FedEx Corp., riding high from record package deliveries amid the coronavirus pandemic, are moving on to their next challenge: showing investors they can boost profit in the approaching onslaught of the holidays.

FedEx followed UPS and the U.S. Postal Service this week in setting aggressive peak-season fees, signaling increased pricing power with retailers ahead of what’s expected to be an unprecedented year-end surge of packages. The couriers will also compete with Amazon.com Inc. to hire hundreds of thousands of seasonal drivers as the e-commerce giant ramps up its distribution network.

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Industry News UPS News

FedEx Joins UPS, USPS in Adding Fees as Holiday Delivery Surge Looms – Transport Topics News

FedEx Corp. is joining a rush to apply extra holiday fees on high-volume shippers as couriers brace for a new jump in residential deliveries during the year-end peak season.

Surcharges on regular shipments to homes will range from $1 to $5 from Nov. 2 to Jan. 17, FedEx said on its website Aug. 18. That marks the first time since 2016 that the company has applied special peak-season fees, and the move follows similar efforts by UPS Inc. and the U.S. Postal Service.

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Industry News UPS News

The Postal Service’s Problems Are Good News—for UPS and FedEx – Barron’s

The U.S. Postal Service—an organization older than the country—is getting more press than it wants as the fight over mail-in ballots and the organization’s funding heats up.

The post office is a secret giant. If it were publicly traded it would be worth, very roughly, $50 billion, making it the third largest non-rail logistics company by value in America. It generates about $71 billion in annual sales in 2019, just short of UPS’s $76 billion in sales and a touch higher than FedEx’s $69 billion.

The USPS has a funding problem, however. Even though the parcel business is booming, the marketing mail business is being badly hurt by the downturn. If the Postal Service were a publicly traded company, it would simply exit the mail business. It can’t, for obvious reasons.

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Industry News UPS News

Exclusive: UPS, FedEx warn they cannot carry ballots like U.S. Postal Service – Reuters

United Parcel Service and FedEx on Friday shot down social media calls that they step in to deliver mail-in ballots from the U.S. Postal Service, which is warning states of potentially “significant” delays.

“State ballots must be postmarked to be considered valid and only the USPS has lawful postmarking status. Therefore UPS, FedEx and other private parties cannot technically be involved in shipping ballots,” UPS told Reuters in a statement.

“FedEx does accept individual ballots, and we advise that customers planning to return their ballots via FedEx should closely review their state’s guidelines on absentee voting and deadlines for ballots or related election documents,” FedEx said.