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The TD Cowen/AFS Freight Index indicates that UPS and FedEx have further increased fuel surcharges due to soaring diesel prices
The TD Cowen/AFS Freight Index indicates that UPS and FedEx have further increased fuel surcharges due to soaring diesel prices, with parcel shipping costs expected to reach an all-time high this year. Ground shipping prices during the fourth-quarter holiday season could rise by 5.8% year-over-year, pushing up costs for retailers.
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