Breaking Down the 2024 UPS and FedEx General Rate Increase
With the FedEx and UPS GRIs in effect, companies already see the impact on their logistics budgets. But while GRIs are inevitable, they are also an opportunity. Now is the time to find ways to use the rate changes to your advantage. This report can help you do that.
Here's what you should know:
- Costs Are Still Rising At A Historic Rate: For three consecutive years, FedEx and UPS have implemented their largest rate increases ever — 5.9% in 2022, 6.9% in 2023 and 5.9% in 2024.
- There Are Less Obvious Costs Companies May Not Know They Are Paying: Both carriers have again extended their “Demand Surcharges” for 2024 that started as temporary pandemic-related fees in 2020.
- FedEx and UPS Are Heading In Opposite Directions: UPS service performance is up while FedEx deals 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:
START HERE: Fill out the form below to contact TransImpact for a no-obligation analysis of how much the 2024 FedEx and UPS GRIs will increase your small parcel shipping costs. At no extra charge, we’ll tell you how much less you could pay with a new contract and present a plan to get there.
About TransImpact & OMNIA Partners
TransImpact is a supply chain technology firm specializing in Parcel Spend Management and Supply Chain Planning. We are relentless in driving bottom-line impact for members of OMNIA Partners. Parcel experts from the start, we have the best decision intelligence technology and the most experienced team to negotiate the strongest parcel discounts available. Avercast, our supply chain planning brand, provides an industry-leading 280+ forecast models with unparalleled business intelligence analytics.
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