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In Q4 UPS Achieved the Highest Quarterly Operating Profit in its History: Here’s What You Need to Know
In December we shared with you that while both FedEx and UPS announced a 5.9% increase to their general rates for 2022, both companies’ customers would see much higher costs as a result of the new surcharges, rules and fees they introduced over the past year that are not included on rate cards. These fine-print detai
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FedEx & UPS Rates Have Gone Up: Here is the Impact We are Seeing
Our Shipping Intelligence® platform analyzes thousands of shipping agreements, models them, and runs them through simulations to give our customers data driven analysis. Now that FedEx and UPS rate increases are in effect for 2022, our data scientists took a deep dive into the impact shippers should expect to see and
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It’s Not Too Late to Negotiate – FedEx’s New Rates Go Into Effect Next Monday
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.â€
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What Is FedEx GRI?
2021 presented logistical challenges for businesses across the board. Rising inflation, shipping delays, and labor shortages are just a start to the laundry list of problems that created the perfect storm for an unpredictable shipping environment. And amongst the chaos, FedEx continues to pass on these challenges to th
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How To Negotiate Your Shipping Contracts in 2022
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
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What is UPS GRI?
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 Rate Increase for 2022 On October 28, 2021
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