FDX News & Events

The U.S. Postal Service intends to impose an 8% surcharge on packages in response to rising fuel prices, the Wall Street Journal's Esther Fung reports, citing two people familiar with the matter. The surcharge marks the first time the service has imposed such a fee to cover rising fuel costs, the author says, noting that the surcharge will be applied to packages but not mail. Publicly traded companies in package delivery include FedEx (FDX) and UPS (UPS).

FedEx announced the rollout of FedEx SameDay Local, a delivery offering designed to enable its customers to meet rising consumer expectations for flexibility, control, and convenience while balancing their cost to serve. In collaboration with OneRail, FedEx SameDay Local will let shoppers choose two-hour or end-of-day delivery directly at checkout. The service will connect FedEx customers to a national network of more than 1,000 delivery providers, coordinated through intelligent orchestration. Orders are then automatically matched to the appropriate vehicle and driver, dispatched quickly, and tracked with live updates from pickup to delivery.