In today’s 8 Key Items alert, we mentioned expected 2027 pricing action from several companies as they look to cover rising costs. Now we can add the U.S. Postal Service (USPS) to that list.
In 2027, USPS will adopt a FedEx ($FDX) and UPS ($UPS) pricing tactic as it contends with high fuel prices.
In January, the agency will start levying a fuel surcharge on domestic shipments under Ground Advantage, Priority Mail, Priority Mail Express and Parcel Select. The surcharge will update weekly based on diesel and jet fuel prices.
With 30 years of cross-industry experience, Chris Versace brings his thematic investing lens to TheStreet Pro Portfolio (formerly Action Alerts PLUS) each day as lead portfolio manager. His daily insights, analysis, and recommendations provide the foundation for TheStreet's Pro Portfolio.
Versace began his career in equity research before founding Versace Management in 2005. He joined TheStreet team in 2011 as a Real Money contributor before becoming portfolio manager of Action Alerts PLUS in 2021. He holds an MBA from Fordham Gabelli School of Business and has co-authored a book called “Cocktail Investing - Distilling Everyday Noise into Clear Investing Signals for Better Returns.”
With a passion for teaching others about investing, Versace spent 9 years as an Assistant Professor of Finance at NJCU School of Business. When he’s not contributing to TheStreet’s premium services, he can be found speaking at industry conferences or at a Bruce Springsteen concert (he’s seen him 50 times and counting!).
