UPS (UPS) - Get United Parcel Service, Inc. Class B Report has revealed plans to add a surcharge to online orders around particularly busy shopping periods, such as Black Friday, weekends and the week leading up to Christmas.
This could hit consumers that are increasingly turning to online shopping, as retailers will either have to watch profits fall or increase their prices.
"To help enable UPS to continue to provide best-in-class value to customers while offsetting some of the additional expenses incurred during significant volume surges, UPS will begin implementing Peak Surcharges in 2017, the company said.
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This article was written by a staff member of TheStreet.