What is the fuel surcharge waiver on a Credit Card

Working with a 3PL is a great way to let a team of experts do this for you. Get the resources you need to reduce overall transportation costs, ship products into new channels and international markets. OnTrac will increase their Fuel Surcharge Index, effective May 27.

1. Effective September 15, a Surge Fee will applied to all shipments originating from the below countries and territories with destinations in the United States.
2. Shipping providers like UPS will continue introducing new, detailed fees as demands remain high, and shippers need to watch their shipping spend more closely than ever.
3. Most businesses and shippers with shipping volumes use UPS Daily Rates.
4. FedEx will release the full rate, surcharge, and fee increase details on September 7.
5. The list of zip codes to which the Remote Area Surcharge applies will not include certain zip codes in the 48 contiguous states.
6. The increase will raise FedEx’s international fuel surcharges to match those of UPS’s International Air-Import and Air-Export FSC table.

FedEx has just announced fuel surcharge increases, effective this approaching Monday, September 2, 2024. As a reminder, the Fuel Surcharge is not only assessed on net package rates, but a number of other common surcharges like the residential delivery, demand, and additional handling surcharges. Shippers saw a similar effect when UPS’s Ground and SurePost increases went into effect. UPS has announced that it’s extending its peak season surcharges beyond peak season, indefinitely, with new rates effective Jan 15, 2023. The FIRST Power+ Credit Card, collaborated with HPCL (Hindustan Petroleum Corporation Limited), presents an advantageous solution if you are seeking to mitigate fuel surcharges. This HPCL Credit Card provides attractive savings of up to 6.5% on fuel purchases saving you up to ₹18,500 annually which is enough to buy 175+ litres of fuel.

What is the fuel surcharge waiver on a Credit Card

You can easily calculate the dimensional weight from the UPS shipping rate calculator by simply inputting the package’s actual weight and dimensions in the calculator. If you plan to send your packages with UPS, using the UPS rate calculator will help you find an accurate quote. As mentioned, you should avoid ups fuel surcharge india unpleasant surprises by considering several factors, including the customs duties and package weight. That said, below are some factors that determine UPS shipping costs. Due to changing economic climate, UPS recently announced some changes in its prices. The changes affected most UPS shipping fees, which consequently led to changes in the overall UPS shipping cost.

Ground and Air services will be reflected on UPS’s Fuel Surcharge page beginning April 7, 2021. Changes to the Fuel Surcharge for International Air-Export and International Air-Import services will also be reflected on UPS’s Fuel Surcharge page beginning March 17, 2022. The list of zip codes to which the Remote Area Surcharge applies will not include certain zip codes in the 48 contiguous states. Ground and Air services will also be reflected on UPS’s Fuel Surcharge page beginning December 30, 2021.

UPS Daily Shipping Rates and Zones

In the second quarter, UPS volumes moving from China to the US was up 20.6%, year on year. For more info on fuel costs, check out our post on natural gas and General Rates Increases (GRI). Conflicts in the Middle East, as well as general shortages of petroleum and natural gas, are all factors in the rising cost of gasoline and diesel fuel over the past several years. Fuel Surcharge Waiver on Fuel Credit Cards can significantly enhance your savings if you choose the right Card as per your needs and implement the right strategies. It is not just about transactions but also transforming fuel expenditures into opportunities for financial optimisation. ICICI Bank offers three types of Fuel Credit Cards, each with distinct fees & charges.

Activate your Credit Card within minutes and enjoy unlimited benefits

An experienced 3PL will have deep relationships with each carrier and a team of transportation experts who work with carrier representatives on a weekly basis. Carriers change their rates often, having a dedicated support team to this can make a huge difference. How do you know what the monetary cost of your fuel surcharge is? In addition, from September 29, 2024, to January 18, 2025, Additional Handling shipments will incur a supplemental $7.75 demand surcharge and Large Package/Oversize shipments, $84.50. This year, the transcontinental carrier has opted for a simplified surcharge by not applying baseline periods or volume thresholds.

Please note the values are preview rates that may change according to UPS’s discretion. On the other hand, in the case of UPS International Services, the UPS Rates are calculated based on the total billable weight of the packages. According to UPS website, between actual and dimensional weight of packages is the billable weight. It’s important to give your customers shipping options so they can decide the tradeoffs between the cheapest, fastest, and best value shipping options at the checkout. Below you can find sample prices for a 4lb package with the dimension of 8 x 5 x 2 being sent from New York City to top US cities. As stated above, most ecommerce companies don’t realize that there are ways to negotiate their fuel rates.

Detailed information about UPS Hundredweight services rates for 2025 can be accessed here. UPS raised their fuel surcharge rate three times in the past 18 months to compensate for the rising cost of fuel. Be sure to ask your carrier representative about changes to your invoice frequently.

It is the time to increase revenue and profit margins for companies. However, last-minute shoppers may have to shed extra dollars when shipping through UPS as their shipping rates rise a day before Christmas Eve. UPS provides domestic and international courier services, allowing eCommerce businesses access to a global customer base. However, UPS shipping cost varies significantly depending on the package’s weight, UPS shipping option, destination, and size/nature of the package.

The price increases outlined above are just but a few changes in UPS shipping costs. You should regularly check the UPS shipping rates chart for actual prices. Understanding how your carrier calculates their fuel rates and surcharges, is the first step in knowing if you’re overspending on this part of your overall transportation costs. Here is an overview of fuel charges and surcharges, how they are calculated, and how they affect various shipping services. This change means that shippers will now pay more in fuel surcharges despite lower fuel costs. FedEx announces a 1.00% increase to its Ground and Express domestic fuel surcharge tables, effective this coming Monday, December 11th, 2023.

Effective December 26, 2023 (one week earlier than FedEx), UPS Ground, UPS Air and International services will increase an average net 5.9%. This is the second announced decrease, since August, to Worldwide Express Freight services from China Mainland, Hong Kong SAR, and Macau SAR to the U.S. On Aug 5, UPS announced a $0.34 decrease in those Worldwide Express Freight® and Worldwide Express Freight® Midday Demand Surcharges. Effective October 17, 2021 until further notice, the amount of the Peak Surcharges applied to U.S. shipments will change.

1. Many shippers and their customers will be impacted by 50$ hike.
2. No matter how big or small your business is, your customers expect flexible, reliable and affordable delivery options.
3. We provide extensive services ecommerce companies looking to grow and scale.
4. The adjustment does not include International Ground and International Ground Consolidation shipments to Canada.
5. As per usual with regards to rate and surcharge increases, UPS and FedEx announce matching 6.9% standard rate increases.
6. We provide shipping spend analysis for timely operations without disruptions.
7. Carriers calculate their surcharges through an index-based system.

According to the EIA’s site, spot prices have dropped from 2.908 on 11/3 to 2.330 on 12/8. If your organization uses Small Business Rates, UPS suggests visiting the UPS Small Business Rates webpage provided in your agreement to see your new rates. Lastly, the Over Maximum Limits surcharge will not extend beyond Jan 14, 2023.