UPS fuel surcharges to spike hard this Monday


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UPS fuel surcharges to spike hard this Monday - FreightWaves

UPS Inc.’s fuel surcharges are closing in on those of rival FedEx Corp., and that’s bad news for UPS customers.

Effective Monday, users of UPS’ (NYSE: UPS) U.S. ground delivery services will pay a 16.75% fuel surcharge that will apply to the base rate of each shipment as well as most of the add-on services known as accessorial charges. That is up from 15.25% for the week just ending and 15% for the week before.

That increase is chicken feed compared to the gut punch that UPS’ air shippers have taken over the past two weeks. On March 28, the day that UPS said it would increase its surcharge levels by 1.75%, the domestic air levy was 16.75%. It spiked to 20% effective April 4, and it will hit 21.75% on Monday.