UPS lowers peak surcharge on China-US shipments starting Sunday - Supplychain Dive
UPS incrementally raised surcharges as airfreight rates ascended. However, its peak surcharge reduction coincides with a gradual calming of airfreight demand and rates. This week, airfreight rates fell to $4.98 per kilogram, less than half the rate during mid-May's peak and roughly in line with mid-March rates, according to the TAC Index.
The surcharge from Sunday onwards offers some financial relief to air shippers but is still higher than the first surcharge announced in March.
UPS said peak surcharges are subject to change and advised shippers to check the carrier's website before tendering shipments.
UPS incrementally raised surcharges as airfreight rates ascended. However, its peak surcharge reduction coincides with a gradual calming of airfreight demand and rates. This week, airfreight rates fell to $4.98 per kilogram, less than half the rate during mid-May's peak and roughly in line with mid-March rates, according to the TAC Index.
The surcharge from Sunday onwards offers some financial relief to air shippers but is still higher than the first surcharge announced in March.
UPS said peak surcharges are subject to change and advised shippers to check the carrier's website before tendering shipments.
