Consumers angered over FedEx, UPS fuel surcharge increase

World Today

International courier/ shipping giants FedEx and UPS have announced that they’re raising the fuel surcharge on their services, a fee that’s passed down to the consumer. But the current record low drop in fuel prices around the globe has people wondering why.

Consumers have expressed anger, and e-commerce companies, who rely heavily on shipping for of their businesses aren’t happy either.

CCTV’s Roee Ruttenberg reports.

Consumers livid over questionable fuel surcharge by FedEx, UPS

Consumers livid over questionable fuel surcharge by FedEx, UPS

International courier/ shipping giants FedEx and UPS have announced that they're raising the fuel surcharge on their services, a fee that's passed down to the consumer. But the current record low drop in fuel prices around the globe has people wondering why. Consumers have expressed anger, and e-commerce companies, who rely heavily on shipping for of their businesses aren't happy either. CCTV's Roee Ruttenberg reports.
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OPEC oil prices

 

Kent Moors on the heated fuel surcharge situation

How much are these big companies making from fuel surcharges? Are the fees really just enough to cover gas prices or is there profit involved.
CCTV America’s Mike Walter spoke to Kent Moors. He’s an energy strategist and is the executive Chair of The Money Map Global Energy Symposium.

Kent Moors on the heated fuel surcharge situation

Kent Moors on the heated fuel surcharge situation

How much are these big companies making from fuel surcharges? Are the fees really just enough to cover gas prices or is there profit involved. CCTV America's Mike Walter spoke to Kent Moors. He's an energy strategist and is the executive Chair of The Money Map Global Energy Symposium.
Download Video

FedEx fuel surcharges
Nov. 1, 2010 through Oct. 5, 2015. Roll over chart for data.

 

Data: BirdDog.com

UPS fuel surcharges
Nov. 1, 2010 through Oct. 5, 2015. Roll over chart for data.

 

Data: BirdDog.com