When it comes to shipping contracts, the specifics of your and your carrier’s responsibilities may be detailed in between a bunch of legal jargon that’s difficult to sift through. Understanding what both you and the carrier are liable for is essential to your compliance and your bottom line, so let’s
SupplyChainBrain is the most comprehensive resource for supply chain management information today. The wide range of multi-media formats addresses everything from the fundamental principles of supply-chain management and emerging trends to the latest technologies and cutting-edge solutions and features pieces written by the world’s most influential supply chain executives. Recently,
FedEx’s new 2022 rates go into effect next Monday, January 3, and as Reveel’s CEO Josh Dunham noted in an Bloomberg article published on Black Friday, shippers “must contend with double-digit increases for parcel service, including special surcharges, even after they endured price jumps of almost 10% last year.” Both
With FedEx and UPS seeing greater demand for parcel shipment volumes than ever before there’s no question it’s a difficult negotiation climate; however carriers are making agreements. Now is the time for all shippers to negotiate their 2022 contracts. It’s never been more important to be informed and prepared in
It is right to assume that current market conditions are driving up the cost of shipping, but rate increases are nothing new to the world of shipping. In fact, UPS implements a general rate increase, or GRI, year over year. Let’s take a look at what this entails. The General
Assuming you’ve already seen the substantial General Rate Increase FedEx announced for 2022, you’re probably wondering how this will affect your shipping budget. In addition to the numerous COVID-19 related surcharges FedEx enacted in the last two years, the carrier will also increase rates by a whopping 5.9%. Be on
