Last Mile Delivery #fuel surcharges#parcel shipping
Fuel Surcharges Push Parcel Shipping Rates Near Record High in Q3 2026
The TD Cowen/AFS Freight Index projects express parcel rates to reach a record 15.8% above baseline in Q3 2026, driven by a 65.4% year-over-year surge in fuel surcharges. Ground parcel rates are on track for the highest cost per package on record. Carriers like FedEx and UPS are tightening discounts, and shippers are increasingly turning to alternative last-mile carriers such as OnTrac and Veho, which doubled volumes and now hold 7.2% market share.
Jul 14, 2026 1 source