(Mark B. Solomon – DC Velocity)
FedEx Corp. plans to hike its diesel and jet fuel surcharges effective Feb. 2 amidst the steepest decline in oil prices in nearly six years.
The changes mean that most FedEx air and ground shippers will be looking at higher fuel charges next month except for those shippers with contracts that contain specific language governing surcharge implementation. Typically, parcel contracts give the carrier latitude to impose the fuel surcharge that’s in effect on the day a package is picked up. The carriers are also free to change surcharge levels without prior notice. Surcharge levels can fluctuate depending on changes in oil and fuel prices. Read more here.