Breaking Down the 2023 UPS and FedEx General Rate Increase
With the FedEx and UPS GRIs announced, companies can begin planning their logistics budgets for 2023. One part of that is understanding how your costs will change compared to last year — but more important is figuring out where you can avoid cost increases. This report can help you with both.
Here's what you should know:
- Costs Are Rising At An Historic Rate: In consecutive years, FedEx and UPS have implemented their two largest rate increases ever (5.9% in 2022 and 6.9% in 2023).
- There Are Less Obvious Costs Companies May Not Know They Are Paying: Both carriers have open-ended “Demand Surcharges” in place that started as temporary pandemic-related fees in 2020.
- FedEx and UPS Are Heading In Opposite Directions: UPS service performance is up while FedEx is dealing with falling revenue.
- FedEx and UPS Are Both Facing Economic Headwinds: Higher operating costs and lower demand have given negotiating leverage to shippers.
Read the Full Report Here:
Contact TransImpact with the form below to receive a no-obligation report detailing how much your costs will go up starting December 27, 2022, under the 2023 UPS and FedEx GRIs (along with all the other fees and surcharges in place right now).
About TransImpact & OMNIA Partners
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