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Old 11-21-2019, 08:42 PM   #1
eternalblue02
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FedEx, UPS To Slap Major Handling Surcharges On More Parcels

Just in case folks missed this today and don't want a nice surprise at the beginning of the new year. Not sure how this will affect the statue companies and us collectors but it's worth giving the heads up. The rest of the article is linked below.

*Customers of FedEx Corp. (NYSE: FDX) and UPS Inc. (NYSE: UPS) that tender a lot of packages weighing 50 to 70 pounds are in for some price pain in 2020 unless they are excellent contract negotiators.

The reason: For the first time, FedEx and UPS will slap an "additional handling surcharge" on air and ground deliveries of parcels in that weight range. Currently, shipments up to 70 pounds are exempt from the surcharge. The changes take effect when the carriers' 2020 rates kick in, which will be Dec. 29 for UPS and Jan. 6 for FedEx.

The policy changes will subject far more parcels to the surcharge, which appears to be substantial. Shippers tendering heavy parcels can expect a 15-24% per-package increase over the carriers' base rates and fuel surcharges, both of which are also increasing, according to Matthew White, a strategist for iDrive Logistics, a consultancy. UPS, which released its 2020 rate schedule Monday night, said it will raise list, or non-contract, rates on parcel services by 4.9%. That is the same as FedEx, which disclosed its 2020 rates in mid-September.*

https://finance.yahoo.com/news/fedex...135428950.html
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Old 11-21-2019, 08:52 PM   #2
nbr3bagshotrow
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Probably to help pay for all the back injuries from lifting 50-70# packages.
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Old 11-21-2019, 09:32 PM   #3
Augen
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May get more appealing to buy pieces local.
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