Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
The Latest UPS Headlines
UPS Shippers Better Fuel Up for Higher Surcharges in 2022
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="cheryl" data-source="post: 5050551" data-attributes="member: 1"><p><a href="https://www.benzinga.com/markets/commodities/21/11/23793719/ups-shippers-better-fuel-up-for-higher-surcharges-in-2022" target="_blank"><strong>UPS Shippers Better Fuel Up for Higher Surcharges in 2022 - Benzinga</strong></a></p><p></p><p>If UPS customers haven't baked higher fuel surcharges into their 2022 shipping budgets, they better find the kitchen fast.</p><p></p><p>Effective Nov. 15, the Atlanta-based transport and logistics giant will raise its fuel surcharges by 1% on all its U.S. air and ground services, according to a source familiar with the matter. The upcoming levy comes on the heels of a 75 basis-point fuel surcharge increase that <strong>UPS</strong> imposed over the summer.</p><p></p><p>UPS, which hasn't made a public announcement, declined comment.</p><p></p><p>UPS sets its fuel surcharges weekly from a range of price points based on the diesel and jet fuel prices set by the U.S. Energy Information Administration (EIA). For example, should the weekly national average price for on-highway diesel range between $3.62 a gallon and $3.73 a gallon, the revised surcharge for that week would be 11%, up from the current 10% levy. The government's most recent national average for on-highway diesel was $3.71 a gallon. </p><p></p><p>There is a two-week lag between EIA's pricing changes and when they are reflected in UPS' surcharges. As a result, UPS' surcharges for the week ending Nov. 1 would be based on the EIA prices for the week ending Oct. 18.</p></blockquote><p></p>
[QUOTE="cheryl, post: 5050551, member: 1"] [URL='https://www.benzinga.com/markets/commodities/21/11/23793719/ups-shippers-better-fuel-up-for-higher-surcharges-in-2022'][B]UPS Shippers Better Fuel Up for Higher Surcharges in 2022 - Benzinga[/B][/URL] If UPS customers haven't baked higher fuel surcharges into their 2022 shipping budgets, they better find the kitchen fast. Effective Nov. 15, the Atlanta-based transport and logistics giant will raise its fuel surcharges by 1% on all its U.S. air and ground services, according to a source familiar with the matter. The upcoming levy comes on the heels of a 75 basis-point fuel surcharge increase that [B]UPS[/B] imposed over the summer. UPS, which hasn't made a public announcement, declined comment. UPS sets its fuel surcharges weekly from a range of price points based on the diesel and jet fuel prices set by the U.S. Energy Information Administration (EIA). For example, should the weekly national average price for on-highway diesel range between $3.62 a gallon and $3.73 a gallon, the revised surcharge for that week would be 11%, up from the current 10% levy. The government's most recent national average for on-highway diesel was $3.71 a gallon. There is a two-week lag between EIA's pricing changes and when they are reflected in UPS' surcharges. As a result, UPS' surcharges for the week ending Nov. 1 would be based on the EIA prices for the week ending Oct. 18. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
The Latest UPS Headlines
UPS Shippers Better Fuel Up for Higher Surcharges in 2022
Top