UPS tacks on additional fees as it faces a flood of packages during pandemic

The fees will add up to higher costs for retailers and other sellers — which they can absorb or pass on to customers.

"UPS continues to provide essential service amid the ongoing coronavirus outbreak to support the needs of our customers," the memo said. "Our goal is to ensure businesses and customers are able to meet their shipping needs while demand has increased for shipping services." Shares of the company were up about 5% Friday morning. They reached a 52-week high of $153.32. They're up about 30% so far this year, bringing UPS' market cap to more than $132 billion., has also added surcharges to international shipments of packages and freight. Its higher charges began April 6, according to its website.that it increased fees "due to the various COVID-19 containment restrictions issued in countries around the world.

Many Americans have shopped online instead of at stores during the pandemic because of stay-at-home orders or the spread of. Retailers have increasingly relied on shipping services, such as UPS and FedEx, to get those purchases to customers' homes. That's led to a flood of packages, ranging from furniture and food to exercise equipment.

When consumers begin to buy gifts for family and friends later this year, the situation could worsen, especially if the country sees another surge in Covid-19 cases.

500 long

It’s so wonderful that UPS is charging more even as they act as a lifeline for struggling families

.....so you call up other delivery companies and ask them for a better price, free market economy, laissez faire trade.

So just to be clear, you are saying that because we, as consumers, are giving so much more business to UPS they are charging us more for their profitability? That logic sounds completely backward to me.

AS should the U S Postal service

United States postal service man in charge is a UPS stooge. So naturally we will see him trying to place road blocks in the USPS so his own private company can profit instead.

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