United Parcel Service Inc (UPS)

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"FedEx and UPS Shares Surge Amid Holiday Fee Hikes"

"United Parcel Service, Inc. (UPS) and FedEx Corporation (FDX) shares posted significant gains Friday after the freight giants said that they are lifting their holiday prices to offset higher costs from increased deliveries during the coronavirus pandemic.

According to Bloomberg, UPS plans to add a holiday surcharge of up to $4 per package for customers who ship more than 25,000 parcels a week and whose busy-season volume is three times their February level. Meanwhile, the firm has flagged a $1 holiday levy for ground deliveries with volume at least 10% above February's level. The price hikes dwarf the company's last surcharge increase in 2018 that maxed out at 99 cents extra per package."

https://www.investopedia.com/fedex-and-ups-surge-amid-holiday-fee-hikes-5074349