FedEx and UPS both recently announced new surcharges. Depending on your shipping profile, these new surcharges may impact your business.
FedEx has continued the trend of applying surcharges to all International Services originating in Asia. UPS announced several new seasonal surcharges applicable to all Air Residential, Ground Residential and SurePost packages for all U.S. Origins and destinations. Read below to learn about the specifics of these new surcharge.
Another (another) new FedEx Surcharge
Last week FedEx announced another surcharge, applicable to all International Services originating in Asia, effective Monday, August 10. If your packages originate in any of these countries or regions, you may be impacted.
This most recent announcement is a continuation of the surcharges applied to packages originating in the Asia-Pacific region that FedEx made effective on April 27 and increased in late May.
The details of FedEx’s announcement can be found here.
UPS Announces Upcoming Seasonal Surcharges
Last week UPS announced several new seasonal surcharges applicable to all Air Residential, Ground Residential and SurePost packages for all U.S. origins and destinations.
For any UPS customer that ships more than 25,000 packages per week at any point during the “peak period” between November 15, 2020 to January 16, 2021 the following surcharges will apply:
Other peak surcharges will apply to Large Packages, packages over the maximum limits, and packages that require additional handling between October 4, 2020 – January 16, 2021. The specific details are as follows:
The full details of UPS’s announcement can be found here.
If you ship with FedEx, UPS or both, use your Lojistic account to monitor and manage your surcharge-related costs. “Compare mode” will help you see your shipping volume in relation to other time periods, like the previous week or year over year. With these insights, you’ll be able to gauge how this latest surcharge may affect your business, and/or help you adjust your shipping operations to mitigate the impact.
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Author
Rich Harkey
Rich Harkey
Senior Strategy Manager
Rich Harkey is a results-driven professional with extensive experience in the logistics and supply chain industry.
As the Senior Strategy Manager at Lojistic, Rich leverages over three decades of expertise to help businesses improve their shipping strategies and reduce costs. With a deep understanding of the requirements of shippers and the operational intricacies of carriers, he excels in everything from optimizing business rules and managing carrier invoices to negotiating carrier contracts.
Rich's comprehensive knowledge of the logistics industry, combined with his strategic insights and passion for data analysis, has enabled thousands of companies to gain visibility into their shipping expenses, driving impactful results.