UPS and FedEx up international fuel surcharge rates, add surge fees
The changes impact various import and export shipments, including packages traveling to and from the U.S., adding to cost pressures for parcel shippers.
The changes impact various import and export shipments, including packages traveling to and from the U.S., adding to cost pressures for parcel shippers.
Companies are now grappling with whether to raise prices at a time when consumers are already reeling from a prolonged period of inflation.
AI in TMS: Is it just hype? Discover where AI delivers results today!
Hidden costs: explained by a Lean expert. Read the full story here.
Discover why more companies are recognizing that a 95% assurance rate for high-value cargo won’t do.
The war with Iran, now in its third month, is the prime mover behind the economic uncertainty, the National Retail Federation and Hackett Associates indicated in their latest Global Port Tracker.
FMCSA set a May 14 deadline for carriers and brokers to update their registration information before switching to “Motus,” a system that includes ID verification tools.
Khor Fakkan and Fujairah in the UAE and Sohar in Oman had kept carriers restricted to imports since the war began due to severe yard space and cargo evacuation constraints.
One analyst says it is almost certain that rates in some parts of the country will climb because of the missing capacity next week, especially in warmer agriculture-dominant states now producing their first crop of the season.
The president said he will raise tariffs on EU imports if the bloc does not “deliver their side of the Deal,” while EU leaders say the ratification process is progressing.