For the 2018 peak shipping season, FedEx and UPS aren’t deviating far from the strategy they established for 2017’s holiday season. In fact, this year expenses for shippers will go up, with some of the increases particularly audacious.
FedEx is shipping more packages and charging more than ever to do it. FedEx announced its fiscal revenue was up 7.9% at $65.5 billion over FY 2017, and revenue was up 9.1% at $17.3 billion for the fourth quarter. It was another record earnings report, a year-by-year trend we’re getting used to.