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Fuel surcharges wallop FedEx, UPS shippers as Amazon looms

TD Cowen/AFS says average fuel surcharges rose 40% as FedEx and UPS cut discounts, pushing ground and express parcel rates to record levels.

With customers facing elevated fees and seeking discounts, Amazon’s delivery services could impact market pricing in the long term, per the TD Cowen/AFS Freight Index.

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The Independent broke the news in London, United Kingdom on Monday, July 20, 2026.
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