How UPS and FedEx Are Riding Diesel Costs to Higher Revenues

Bonus Episode for Oct. 30. Package-delivery companies this week described the U.S. consumer as resilient. UPS and FedEx posted revenue growth that beat Wall Street estimates, and raised their outlooks for the year. While higher energy costs added to expenses, both companies benefited from higher fuel surcharges pegged to the price of diesel. Also benefiting from the rising cost of diesel were railroads, which won new business as companies switched to rail from trucks for delivery. Pierre Bienaimé hosts this special bonus episode of What's News in Earnings, where we dig into companies’ earnings reports and analyst calls to find out what’s going on under the hood of the American economy. Sign up for the WSJ's free Markets A.M. newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.