Resource Center/Article • 06/23/2021
Summer Peak Surcharge Updates, Carriers Discuss Margins and Planet
Some carriers announce updated summer peak surcharges, along with new financial and environmental updates.
PARCEL CARRIER NEWS
FedEx
FedEx announced their increase in peak surcharges, their push to go green, and focusing on their continuous hiring spree.
- FedEx increased peak surcharges and fees go into effect on June 21, 2021. “Our primary focus is ensuring large customer pricing aligns to their volume distribution,” Brie Carere said. “We continue to manage capacity at FedEx Ground, prioritizing our highest yielding same-day delivery segment, as well as our premium home delivery product. As we plan for peak of fiscal year 2022, our peak surcharges will continue to play a critical role.”
- FedEx is continuing their hiring spree. A generic google search shows hiring articles ranging from 150 new employees to 1,200 new employees at different locations all across the country. The majority of these articles are specifically looking for package handlers.
- FedEx is struggling with greenhouse gases, carbon capture, and alternative fuels that come along with having a cargo company. It is important to FedEx to work towards sustainable efforts and in doing this they have set $2 billion aside for this.
UPS
During the carrier’s highly anticipated Investor & Analyst Day, UPS reviewed its future-focused goals, celebrated optimization outcomes, and announced 2023 targets.
GRI & SURCHARGES
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