FedEx announced 2024 peak season surcharges on Thursday that are costlier than last year and feature two new fees for shippers to navigate.

The increases start Sept. 30 for packages that are oversized, unauthorized or require additional handling. Then, on Oct. 28, demand surcharges take effect for shipments across various FedEx delivery services. The peak season fees end Jan. 19, 2025.

The peak season surcharges fall closely in line with rival UPS, save for slightly different dates in which they apply and minor pricing variations. Both companies’ 2024 fees feature new charges that impact air and ground shipping services.

European carriers will most likely grow their bottom line also in 2024 to USD 9 billion. Demand is expected to remain strong, but supply chain issues, together with high interest rates and the risk of labor disputes may prevent further increases in profitability.Asia Pacific showed remarkable revenue growth in 2023 and the region is expected to be responsible for half of the world’s RPK growth this year. This is very much thanks to the gains seen in the domestic markets. However, international travel in the region remains subdued.

The Middle East is estimated to deliver a strong financial performance in 2024, likely recording a net profit of around USD 3.8 billion. The Middle East carriers benefit from the strong economic performance in the region, and they operate important global hubs.

Latin America has seen a steady improvement in financial performance since 2020 but is expected to generate only a minor profit in 2024 of USD 0.6 billion. The performance of airlines across this region has been very mixed. While some are performing strongly, others find themselves in considerable financial difficulties, including being in or coming out of Chapter 11 proceedings. In part, this is a consequence of the economic and social turmoil observed in the region.

Africa is set to deliver a marginal but encouraging profit of around USD 0.1 billion in 2024