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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