what is ups fuel surcharge rates
For example, UPS uses an index-based surcharge that is adjusted monthly and is based on the National U.S. Average on Highway Diesel Fuel Price as reported by the U.S. Energy Information Administration (EIA). Currently, the UPS surcharge is 4.50 percent on ground packages with fuel diesel price of $2.61 per gallon. The most commonly used formula is mileage based and includes 3 components: -Threshold fuel price: If fuel costs more than the base price, the surcharge will be applied.