It didn’t take long for the other shoe to drop – after UPS announced peak season surcharges for domestic parcel deliveries on 7 August, US parcel shippers were bracing themselves for FedEx to follow suit.
It duly did so this week, after a similar announcement from the US Postal Service (USPS) on Friday.
Both integrators blamed rapid growth in e-commerce volumes driving up their costs and hitting margins.
FedEx’s announcement read: “As the …
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Source: The Loadstar