UPS to implement fuel surcharge scale
United Parcel Service Inc. (UPS) has announced it will lower its current fuel surcharge for customers worldwide by 40% as it shifts to an index-based surcharge. The shift is intended to help UPS respond to fuel price fluctuations. The current fuel surcharge rate, implemented in August 2000, is the lowest in the industry at 1.25%, according to Atlanta-based UPS. The reduction to 0.75% will take effect