{"id":404480,"date":"2026-04-30T05:56:08","date_gmt":"2026-04-30T05:56:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/404480\/"},"modified":"2026-04-30T05:56:08","modified_gmt":"2026-04-30T05:56:08","slug":"ups-fedex-to-return-billions-in-tariffs-to-customers-fedex-nysefdx","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/404480\/","title":{"rendered":"UPS, FedEx To Return Billions In Tariffs To Customers &#8211; FedEx (NYSE:FDX)"},"content":{"rendered":"<p class=\"block core-block\">According to a court filing <a href=\"https:\/\/thehill.com\/homenews\/nexstar_media_wire\/5855775-fedex-ups-say-they-will-give-tariff-refunds-to-customers-what-to-know\/\" target=\"_blank\" rel=\"nofollow noopener\">cited<\/a> by The Hill, about 330,000 importers paid more than $166 billion tied to the disputed tariff program.<\/p>\n<p class=\"block core-block\">According to the report, UPS told Nexstar it is coordinating with Customs and Border Protection (CBP), which is taking refund applications <a href=\"https:\/\/www.benzinga.com\/news\/legal\/26\/04\/51905301\/tariff-refund-claims-open-monday-up-to-127-billion-could-flow-back-to-importers-but-consumers-may-get-nothing\" target=\"_blank\" rel=\"nofollow noopener\">through an online system<\/a>.<\/p>\n<p class=\"block core-block\">On the other hand, FedEx, which <a href=\"https:\/\/www.benzinga.com\/markets\/equities\/26\/02\/50805027\/fedex-sues-us-government-over-trump-tariffs-after-supreme-court-ruling-wants-a-full-refund\" target=\"_blank\" rel=\"nofollow noopener\">filed a lawsuit earlier this year<\/a> to recover import taxes, said it has already begun submitting claims through CBP.<\/p>\n<p>Are UPS And FedEx Ready For This Challenge?<\/p>\n<p class=\"block core-block\">UPS said the initial phase will cover &#8220;certain tariff payments made starting Jan. 30, 2026, in addition to pending tariff payments&#8221;.<\/p>\n<p class=\"block core-block\">A UPS spokesperson, Natasha Amadi, said to The Hill that the company is already processing refunds for shipments where it acted as the importer of record and will broaden efforts as CBP expands the program. The agency estimates refunds could take 60 to 90 days to be issued.<\/p>\n<p class=\"block core-block\">UPS CEO Carol Tome, in a post-earnings call, said the company had collected roughly $5 billion in tariffs from customers and is actively seeking reimbursement. &#8220;As soon as we get that money, we&#8217;re going to remit it right back to our customers,&#8221; she said.<\/p>\n<p class=\"block core-block\">FedEx said that it intends to return any recovered funds directly to shippers and consumers who originally paid the fees.<\/p>\n<p class=\"block core-block\">This development comes as FedEx is undergoing <a href=\"https:\/\/www.benzinga.com\/markets\/large-cap\/26\/04\/51798389\/fedex-cfo-to-step-down-as-freight-spins-off\" target=\"_blank\" rel=\"nofollow noopener\">significant internal changes<\/a>, including the upcoming departure of CFO John Dietrich, set to take effect after the spinoff of FedEx Freight on June 1, 2026. Claude Russ will assume the CFO role while the company seeks a permanent replacement.<\/p>\n<p class=\"block core-block\">Benzinga Edge Stock Rankings\u00a0indicate that <a href=\"https:\/\/www.benzinga.com\/quote\/UPS\" target=\"_blank\" rel=\"nofollow noopener\">UPS<\/a> has a Value score in the 51st percentile and maintains a strong pricing trend in the long term.<\/p>\n<p class=\"block core-block\"><a target=\"_blank\">Benzinga Edge Stock Rankings<\/a>\u00a0indicate that <a href=\"https:\/\/www.benzinga.com\/quote\/fdx\" target=\"_blank\" rel=\"nofollow noopener\">FDX<\/a> has a Momentum score in the 92nd percentile with a strong pricing trend in the short, medium and long term.<\/p>\n<p class=\"block core-block\">Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.<\/p>\n<p class=\"block core-block\">Photo courtesy: Shutterstock<\/p>\n","protected":false},"excerpt":{"rendered":"According to a court filing cited by The Hill, about 330,000 importers paid more than $166 billion tied&hellip;\n","protected":false},"author":2,"featured_media":404481,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,12226,93093,22530,16303,12225,12224,219,111,139,69,12223,208390,208391,152538,208392,208393],"class_list":["post-404480","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-category-economics","tag-category-equities","tag-category-markets","tag-category-news","tag-category-politics","tag-cms-wordpress","tag-economy","tag-new-zealand","tag-newzealand","tag-nz","tag-pageisbzpro-bz","tag-symbol-fdx","tag-symbol-ups","tag-tag-benzai","tag-tag-tariffs","tag-tag-trump-tariffs"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/404480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=404480"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/404480\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/404481"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=404480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=404480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=404480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}