Consultant Insight: Higher jet fuel rates lead to fuel surcharge jump at FedEx
Both UPS and FedEx plan for 3% jumps in surcharge
Higher jet fuel spot rates due to China’s easing COVID-19 restrictions and U.S. refinery outages are increasing surcharges for carriers. The number of scheduled flights for January is projected to reach 99.8% of January 2019’s levels due to the busy demand expected during the Chinese Lunar New Year, according to aviation data analytics firm Cirium. […]
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