FedEx to Increase Peak Surcharges: Will Retailers Get Battered?

As such, retailers are heavily reliant on couriers like FedEx (NYSE: FDX) to get products shipped out to consumers. Effective June 21, peak surcharges on Express and Ground shipping will rise due to high volume and tight capacity stemming from the pandemic, as per FedEx. Of course, FedEx isn't the only shipping company in town, but it's also not the only courier that's experienced an uptick in demand over the past year.