Remembering Ralph

American Dollar to Canadian Dollar = 0.777044; American Dollar to Chinese Yuan = 0.157231; American Dollar to Euro = 1.197227; American Dollar to Japanese Yen = 0.009183; American Dollar to Mexican Peso = 0.052278.

Oil has advanced for the past three months amid optimism that output cuts by Organization of Petroleum Exporting Countries and its partners are helping to balance the market. Yet U.S. rivals have been expanding their operations, with drillers adding two oil rigs to reach 749 last week, the highest level since late September, according to Baker Hughes. “The OPEC deal will mostly work for non-OPEC,” said Eugen Weinberg, head of commodities research at Commerzbank AG in Frankfurt. “Even if OPEC delivers the cuts promised, and prices stay high long enough, the main result will be that U.S. shale adds on close to 1 million barrels a day of additional production.” Click Read More below for additional information.

FedEx’s rate jump is an annual fixture in the parcel delivery world, and the upcoming hike mirrors the 5.9% increase it implemented in 2024 and 2025. Rival UPS levies similar price bumps each year, although the carrier hasn’t announced a 2026 increase as of Friday. The January price increase from FedEx comes as shippers grapple with heightened delivery costs due to surcharges and reduced discounting activity. The TD Cowen/AFS Freight Index reported in July that per-package ground delivery rates reached a record high in Q2 and are expected to remain elevated. Although FedEx is hiking various surcharges, the bump for additional handling and oversized shipping fees is much lower than it was in 2025, parcel analyst and LPF Spend Management founder Nate Skiver said on LinkedIn. For example, a weight-based additional handling surcharge for a Zone 2 shipment increased by $9 to $43.50 in FedEx’s previous annual rate hike. That fee will increase by $2.50 to $46 in 2026.