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UPS Adds 'Peak' Surcharge, Coronavirus Fueled Spike

Video credit: Wochit News
Published on May 28, 2020 - Duration: 00:33s

UPS Adds 'Peak' Surcharge, Coronavirus Fueled Spike

LOS ANGELES (Reuters) - United Parcel Service Inc (UPS.N) on May 31 will slap surcharges on U.S. e-commerce companies that have flooded its delivery network with shipments of everything from packaged food to patio furniture since the coronavirus took hold in March.

This round follows stay-at-home orders to fight the spread of the novel coronavirus.

That public health effort shifted shopping online and resulted in what many are calling a β€œsecond Christmas” for UPS, FedEx Corp (FDX.

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