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This Week in Parcel: January 19, 2024

This Week in Parcel: January 19, 2024

This week in parcel, ocean freight rates climb amid troubles in the Red Sea, FedEx announces plans for a new ecommerce platform, and demand surcharges are still in effect. Ocean freight rates climb due to Red Sea crisis Ocean freight…

FedEx Announces 2024 Demand Surcharge

FedEx Announces 2024 Demand Surcharge

As we predicted in our FedEx 2024 GRI report, FedEx has announced a demand surcharge effective January 15, 2024 “until further notice.” This effectively extends fees already in place, which are applied in addition to the standard Additional Handling and…

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USPS Announces Rate Hikes for 2024

The USPS plans to raise the prices of multiple shipping services on January 21, 2024, according to a filing with the Postal Regulatory Commission, which will review the proposed changes. “The Postal Service continues to offer a great value in…

4 Highlights from the UPS 2024 GRI

4 Highlights from the UPS 2024 GRI

UPS has announced an average general rate increase of 5.9% that will go into effect December 26, 2023. Noteworthy is that the increases are generally smaller than in last year’s GRIs, while being similar in many ways to FedEx’s upcoming…

The 2024 UPS GRI – Three Quick Takeaways

The 2024 UPS GRI – Three Quick Takeaways

The wait is over. UPS has finally published the details of its 2024 GRI several weeks after it ‘prepped’ the market by announcing a headline average increase of 5.9%. The TransImpact experts are on lockdown working on our usual deep-dive…

FedEx 2023 Demand (Peak) Surcharge Analysis

FedEx 2023 Demand (Peak) Surcharge Analysis

FedEx has announced its annual Demand (a.k.a. Peak) Surcharges that will last into January 2024. You can read the full announcement on the carrier’s website – here. The following are some key highlights: In 2022, Peak Season charges were in…

UPS 2023 Demand (Peak) Surcharge Analysis

UPS 2023 Demand (Peak) Surcharge Analysis

UPS has announced its annual Demand (a.k.a. Peak) Surcharges that will extend into January 2024. You can read the full announcement on the carrier’s website: here. The following are some key highlights: UPS, unlike FedEx, has kept demand surcharges in…

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