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Stat’s Incredible: Two Fuelish Reasons Why Your Parcel Prices Are Still Increasing

Man fueling up a freight truck

Are you hot under the collar about parcel carriers’ continuing price increases? It’s probably not because of the weather. Check out these uncool findings about fuel surcharges – and their effect on parcel costs – from the latest release of the TD Cowen/AFS freight index.

40%

Increase in the jet fuel index since 2021

100%+

Increase in UPS’s and FedEx’s fuel surcharges during the same time period

22%

Increase in the diesel fuel index since 2021

75%+

Increase in FedEx’s and UPS’s fuel surcharges during the same time period

4.2%

Increase in average billed weight per package for Express Parcel delivery in Q1:2024

4.1%

Increase in Ground Parcel cost per package in Q1:2024

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