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On Thursday July 23rd UPS made an announcement back tracking on the decreases they made on June 23rd.
This announcement increases the surcharge amount for shipments from China up to what it was before the June 23 announcement, it also increased the surcharge on shipments from Hong Kong SAR to match that of China.
While the previous peak surcharge decrease was a positive for shippers, this new increase shows the volatility with the carriers and their international capacity.
From the UPS website:
Effective July 26, 2020 until further notice, the amount of the Peak Surcharge applied to shipments from China Mainland and Hong Kong SAR to the U.S. will increase, as market conditions have continued to evolve with the ongoing coronavirus situation. All other previously announced Peak Surcharges will continue to apply as set forth below and the amounts of those Peak Surcharges remain unchanged.
The full announcement can be read here: https://www.ups.com/assets/resources/media/en_US/2020_UPS_Peak_Surcharges.pdf
The post UPS (AGAIN) Updates a Portion of Current Peak Season Surcharges – Effective July 26, 2020 appeared first on Transportation Impact.
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