???? The following peak season surcharges go into effect beginning 10/4/21: Additional Handling, Oversize & Ground Unauthorized Package???? Peak surcharges for Ground Economy and Residential Shipments begin 11/1/21. The existing $0.60 Residential surcharge will resume 1/17/22.The carrier released its Q1 2022 Earnings report on Tuesday, September 21. Here are the highlights: Revenue $22B, + 13.9%Net Income $1.1B, -10.7%Net Profit Margin 5.05%, -21.58%Total US domestic package volumes increased YOY by 1.5%Express: +7% YOYGround: FlatResidential volume mix 57% vs. 62% in Q1 2021???? Labor drove $450M in increased expense last quarter ($200M in wages & purchased transportation rates, $250M in network inefficiencies)Ground package handler hourly rate up 16% YOYExpress sorting hourly rate up 25% YOYInefficiencies with staffing across the network are re-routing an estimated 600K packages/day???? On Peak Season, carrier referenced intention to use pricing as a tool to manage capacity and a focus on protecting high-yield commercial segments.???? Carrier expects 12% US Parcel market growth (up to 101M packages/day). Expected growth by segment: 1) Commercial, 2) Home Delivery, and 3) Economy.Carrier also announced plan to make a $500M voluntary contribution to pension plan. 
