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FedEx Fuel Surcharges Explained

Aug 24, 2022 by admin 0 Comments

FedEx Fuel Surcharges Explained

Understanding FedEx’s fuel surcharge will help you prepare for your upcoming shipping activities and clear your doubts about the price surge.

Key Points

  • FedEx implemented some adjustments to its fuel surcharge in April 2022
  • The change in fuel surcharge will affect FedEx Ground, Express and Freight
  • Easyship tools can help you get the best shipping rates today

With the recent rise in fuel prices, it is only reasonable to predict its impact on shipping rates. While shipping rate is primarily determined by the dimension and weight of your package, location, courier, and speed, the new FedEx surcharge review might add some extra bucks.

FedEx has increased fuel surcharge for the following services: FedEx Ground, Express, and Freight. This change will be reviewed and updated regularly based on the weekly National US Average on Highway Diesel Fuel Price report.

Information is key. As an eCommerce merchant, there are other facts that you need to know about the current changes so that you can prepare adequately for subsequent shipments. This blog post covers it all. Let’s get started.

What are FedEx Surcharges?

Generally, a fuel surcharge is an additional charge to the cost of services. Like every other service provider that uses fuel, FedEx has a fixed method of calculating fuel surcharges. The fuel surcharge and applicable is always mapped out in FedEx’s surcharge table on their website. Typically, FedEx updates its tables weekly as determined by the diesel price change.

It is vital to demystify some misconceptions about FedEx’s fuel surcharge. The fuel surcharge is not added to cover the cost of fuel. Instead, it is charged to countervail the sudden fuel cost increase.

Understanding FedEx’s fuel surcharge will help you prepare for your upcoming shipping activities and clear your doubts about the price surge.

How are FedEx Surcharges Calculated?

The way service providers calculate their fuel surcharges is quite different from one another. And it is essential to familiarize yourself with how your courier calculates its own to help you get ahead. Like other carriers, there is a formula for calculating fuel surcharge. It looks like this

  • Original price of fuel – New price of fuel = fuel price difference
  • Difference in fuel price divided by Miles per gallon = Cost per mile
  • Cost per mile multiplied Distance Traveled = Surcharge

If, for example, FedEx’s fuel price standard is $5.00 per gallon, an additional $0.01 per mile will be added surcharge. Here is what we mean: say from $5.00, the price of diesel per gallon increases to $5.06, then the fuel surcharge will increase from $0.01 to $0.02 and $0.03 per mile if the fuel price increases to $5.12.

According to recent news, FedEx will be effecting this fuel surcharge on FedEx Ground, Express, and Freight in April due to the increased fuel cost.

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Shipping Address vs. Billing Address

Aug 24, 2022 by admin 0 Comments

Shipping Address vs. Billing Address

A perfect understanding of the differences between billing address vs. shipping address can help you and your customers avoid simple errors. Learn the differences and how you can enter them correctly in your subsequent purchases.

Key Points

  • Shipping address is also your delivery location or when you want your packages delivered to
  • The billing address is the address linked to your bank card
  • Both shipping and billing addresses need to be correctly entered to avoid delivery and bank issues

One of the best ways to get ahead of shipping delays is ensuring the details you enter during purchase is correct. In a research, 62% of consumers experienced either failed or late delivery. And a significant reason for this delay is incorrect addresses.

When your customers make a purchase online, they are directed to enter a shipping address at checkout and a billing address when selecting the payment option. There are times that a duplicate entry may work, but there is only one explanation for that: their shipping address and billing address are the same! While there is a possibility for this, there are times that the transaction will not go through because the shipping address is not the same as the billing address.

A perfect understanding of the differences between billing address vs. shipping address can help you and your customers avoid simple errors This article explains the differences and how you can enter them correctly in your subsequent purchases.

 

What is a Shipping Address?

Shipping address and billing address can literally be the same. But they do not have the same meaning.

Though people tend to mix up the meanings of shipping and billing addresses, they are pretty different. In simple terms, the shipping address is where the customer wants his parcel delivered. When you order a product from an online store and want to have it shipped, you must enter a delivery location to help the seller and courier get the goods across to you. That, in clear terms, is your shipping location. Now, shipping doesn’t necessarily have to be your home address. You can intend to ship the item to a different place from your usual delivery location. In that case, the shipping address would be the recipient’s address. The following are essential things you should know about the shipping address:

  • They are used to confirm that your purchase has been received in a particular location
  • They are used to calculate your accurate shipping fee

Without a correct shipping address, there will be implications. First, the owner will not receive their package, and the package will be subsequently returned to the warehouse or the distribution center. The shipping address should be correctly entered and verified to avoid failed attempted delivery.

What's a Billing Address?

Remember when we said that shipping address and billing address could mean the same? Well, here is what we mean. After entering your shipping address, which is where you want your package delivered, you will be required to enter a location connected to your bank or online payments. This address is referred to as your billing address.

Sometimes, you may want to receive your package at your home, which is likely your billing address. However, if you are shipping the package elsewhere, say to your friend, your billing location becomes different from your shipping address. This understanding will save you from making errors.

  • Your billing address is connected to the location you receive statements from your bank
  • It is also related to where you receive information from the bank regarding your credit or debit cards

You must enter your billing address to authenticate your purchase and reduce the possibility of fraudulent activities.