UPS and FedEx have increased fuel surcharge rates for their domestic ground shipments.

UPS and FedEx have raised their fuel surcharges amid the holiday shipping season, reflecting ongoing pricing pressures. FedEx's increase, effective immediately, is a 1.5% hike for domestic packages and express services, while UPS will implement a 1% increase starting January 5. These adjustments are based on the rising costs of diesel and jet fuel, with a UPS Ground shipment's surcharge increasing from 20.75% to 21.75% if diesel is priced at $3.85 per gallon. Such surcharges significantly impact shipping costs, benefiting the carriers' financial performance.