How Much Are FedEx and UPS International Rates Increasing as a Result of the 2023 GRIs?

International shipping is one area where FedEx and UPS rates diverge in their 2023 GRIs, despite the twin headline average increases of 6.9%. There are some differences in the increases shippers will be paying on a service-level basis. Below you’ll find excerpts from our recently published GRI reports that detail what changes shippers can expect for International shipping based on service level. By the way, you can read our full reports on each carrier’s GRI with tips on what you can do to mitigate the 2023 increases here: Breaking Down the 2023 UPS GRI – Is This What Better and Bolder” Looks Like? Brace Yourself: FedEx Comes Strong at Shippers with Its 2023 General Rate Increase So, how much are UPS and FedEx increasing rates for their International Services? UPS International Services The following illustration details the increase by service type over the last three years for major Import and Export services on packages weighing less than 99 lbs. Import services and services with slower transit times are seeing the largest increases. Overall, International increases are less than the 6.9% average GRI figure. But shippers should remember that since April of 2020 when UPS first implemented pandemic-driven “peak” surcharges, the carrier has put in place additional per pound surcharges that have risen and fallen during that time. FedEx International Services The following illustration shows the percentage increase by service over the last three years for primary Import and Export services on packages weighing less than 99 lbs. While last year’s increases emphasized imports, in 2023 shippers will experience a nearly 9% increase on some Export services. Contact TransImpact (info@transimpact.com) 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).