CEP carriers hike surcharges as fuel costs soar
Leading international express and parcel carriers are increasing their air and road fuel surcharges dramatically to the 20pct – 30pct range as soaring oil prices drive up operating costs and provoke transport industry protests across Europe and around the world.
Global integrators DHL, FedEx, UPS and TNT, European road-based parcel carrier GLS, and other express and parcel carriers around the world have all raised surcharges significantly this month to try to pass on higher fuel costs to their customers. The highest surcharges are generally in the USA, followed by Asia and then Europe.
The hikes come amid dramatic protests in Europe and other world regions by trucking companies angry about the impact of higher fuel prices. This week has seen strikes, blockades and other protests by tens of thousands of hauliers in Spain, Portugal, France, Belgium, the Netherlands, Poland and other European countries. Two drivers were even killed in separate incidents in Spain and Portugal. In Asia, there have been demonstrations by truckers in South Korea, Malaysia, Thailand, India and other countries.
In the express and parcels industry, which is doubly impacted by higher operating costs for jet fuel and truck diesel, leading players have been gradually raising their surcharges over the last few months in line with various published jet fuel price indices. These surcharges have jumped significantly in June due to the surge in oil prices.
