UPS Slaps 'Peak' Surcharge On Amazon, Walmart, Others, As Delivery Requests Balloon Post Lockdown Ease

United Parcel Services Inc. UPS is imposing an additional fee for delivery requests from e-commerce companies that is common during peak seasons, Reuters reported Thursday.

The move will come into effect on May 31 and apply to "large, high-volume shippers and companies that send oversized items," according to Reuters.

Major UPS clients include Amazon.com Inc. AMZN, Walmart Inc. WMT, and Target Corporation TGT, and all these companies are likely to be affected by the latest policy.

The e-commerce companies have seen a sudden rise in business as authorities across the United States lifted the lockdowns and the companies are planning to restart deliveries of non-essential items.

Delivery services like UPS, or rival FedEx Corporation FDX, typically impose these surcharges during the holiday season shopping surge.

UPS and FedEx are also set to benefit from Amazon reportedly suspending its delivery service for third-party sellers on its platform starting June 1.

UPS Price Action

UPS shares closed 0.1% higher at $99.72 on Thursday and were mostly unchanged in the after-hours session.