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26.03.26 - 16:34
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US Postal Service Plans 8% Fuel Surcharge As Iran War Raises Transport Costs (ZeroHedge)
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US Postal Service Plans 8% Fuel Surcharge As Iran War Raises Transport Costs
By Eric Kulisch of FreightWaves,
The U.S. Postal Service is seeking permission to impose a fuel surcharge on parcel products for the first time ever to cover soaring transportation costs for gasoline and diesel fuel, which have jumped more than 30% since the invasion of Iran by the United States and Israel nearly a month ago.
Parcel shipments would be charged an 8% fee, on top of their regular transportation charge, if the fee is approved.
The quasi-private agency on Wednesday sought permission from the Postal Regulatory Commission for a time-limited price adjustment on parcel shipments because of rapidly changing market prices for fuel. It would be the first time in its history that the Postal Service has applied a fuel fee, a common practice with private carriers like DHL, FedEx and UPS.
The Postal Service also said that the temporary surcharge would help it transition to a permanent mechanism for imposing surchar...
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26.03.26 - 05:36
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How the Iran War is Affecting the Shipping Industry (Bloomberg)
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Raymond Peter, Managing Director at Bernhard Schulte Shipmanagement, says the company's top priority is ensuring the safety of crew members on board its vessels as tensions linked to the war involving Iran continue to rise. He speaks on the sidelines of the APAC Maritime Conference in Singapore. (Source: Bloomberg)...
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26.03.26 - 05:24
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Cambiaso Risso′s Bjork on Iran War Impact on Shipping Insurance (Bloomberg)
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Amanda Bjork, Head of Claims at Cambiaso Risso Asia, says the risk level in the Strait of Hormuz is “very high.” The company is a global insurance and reinsurance broker specializing in marine and shipping risks. She spoke to "Bloomberg: The Asia Trade" from the sidelines of Asia-Pacific Maritime 2026. (Source: Bloomberg)...
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26.03.26 - 05:18
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Malaysia′s Orkim On Iran War Impact on Shipping (Bloomberg)
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Sin Bi Cheah, CEO of Malaysian‑based Orkim Group, discusses the impact of the Iran war on the shipping industry. The company transports clean petroleum products and liquefied petroleum gas. He speaks with Paul Allen from the sidelines of 'Asia-Pacific Maritime 2026.' (Source: Bloomberg)...
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