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FedEx Adjusts Fuel Surcharges as Shippers Rush to Beat Rate Increases

FedEx will adjust its fuel surcharge structure effective June 22, raising rates on export shipments while reducing fees on inbound cargo. The move is prompting shippers to accelerate orders ahead of the increase, contributing to an early peak season surge. Spot rates on the Asia-U.S. West Coast route held steady at $4,836 per forty-foot equivalent unit. Port congestion continues driving intra-Asia freight costs higher, with the Shanghai-Southeast Asia corridor seeing rates climb 5% in early June to $682 per teu. Industry observers expect supply chain normalization will take months. Shippers face multiple headwinds, including potential tariff changes anticipated by late July that could reshape trade compliance requirements and U.S. trade policy.