Shipping surcharge: The U.S. Postal Service will introduce a fuel surcharge on domestic Ground Advantage, Priority Mail, Priority Mail Express and Parcel Select shipments starting in January 2027, with rates adjusted weekly based on diesel and jet fuel prices. The move aligns USPS more closely with FedEx and UPS as fuel costs rise. It follows a temporary 8% price increase that helped boost USPS package shipping revenue 7.7% year over year in the third quarter despite a 3.4% drop in volume. Supply Chain Dive has the full story.
Seeking more info: The Federal Reserve held its benchmark interest rate steady at about 3.9% Wednesday, citing persistent inflation and the need for more economic data before deciding its next move. The decision follows last month’s rate hike, with investors still anticipating another increase by year-end as rising energy costs and AI infrastructure spending add to inflationary pressures. Two Fed officials dissented, favoring another quarter-point increase, while the central bank offered little clarity on its future policy direction. The Associated Press has the full story.
A timely debate: Most Americans will turn their clocks back Sunday, but Congress could revisit legislation to make daylight saving time permanent when the Senate returns in November. The House approved the measure 308-17 in July, with supporters arguing that longer evening daylight would benefit businesses, tourism and recreation. However, the bill faces Senate resistance over darker winter mornings, concerns about children traveling to school before sunrise and limited legislative time, making another clock change in March 2027 likely. Louisiana Illuminator has the full story.
What should the state’s top priority be in addressing the growing orphan oil and gas well problem?
