Express fuel surcharges hold elevated in mid-July

Summary

Weekly express fuel surcharges remained high through mid-July: FedEx Express listed 31.00% for the July 13-19 week (US Gulf Coast jet fuel at US$2.816/gal), while DHL published 39.7% for China/HK (July 13-19) and UPS sat at 39.0% (July 6-12). The levels reflect still-elevated jet fuel and lingering Middle East disruption premiums.