Shipping Industry News

It’s that time of the year—FedEx recently announced its general rates increase (GRI). Effective January 6, 2025, the shipping giant will implement a 5.9% average general rate hike across its primary services, including FedEx Express, Ground, and Economy. This increase will apply to both U.S...

When the COVID-19 pandemic hit in 2020, it revealed that the global economy had some serious supply chain issues that needed to be addressed. The complexities of modern shipping and logistics became apparent to ordinary consu...

The logistics industry serves as the backbone of the global economy, enabling the movement of goods across the planet. And the beating heart of this industry is freight carriers, companies that transport cargo from point A to point B.  For businesses involved in shipping, manufacturing, and supply chain operations, u...

One of the primary goals of supply chain management is to ensure the seamless flow of goods from suppliers to companies to consumers. Freight in and freight out play a pivotal role in this process. Freight in and freight out are occasionally used interchangeably but there are critical distinctions between the two—an...

Freight shipping costs are complex on a standard level — requiring knowledge of certain fees, the time and ability to review contracts, and the wherewithal to negotiate with carriers. But add accessorial charges to that complexity, and shipping costs are enough to overwhelm any shipper.  Accessorial fees are import...

In the United States alone, cargo theft is estimated to cost $15 to $35 billion annually—and it’s on the rise. There was a 46% increase during the first quarter of 2024 compared to the same period in 2023. When your shipment hits foreign ports and borders, that potential multiplies. Plus, theft is just one categor...

Approximately 90% of all goods sold fall under the category of freight prior to reaching customers’ hands. That equals an endless number of data points and decisions along supply chains that affect the on-time, on-budget final delivery of each product.  Freight analytics helps...

Editor's Note: Updates to this post will be made throughout Peak Shipping Season. Peak Shipping Season runs from September 2024 to January 2025 Every year there’s a spike in deliveries during the holidays. As a result, the carriers make adjustments to their networks. And to ensure they’re as profitable as ever, both UPS and FedEx implement “Peak” ...

Freight contracts are the foundation of the logistics and transportation sector. They govern every detail of every shipment and protect parties throughout the supply chain. They serve as legal parameters for shipping relationships and payments, and they are fundamental for businesses managing risks and ...

The transport of goods for U.S. businesses totaled $1.2 trillion in 2021, including $32.4 billion for ocean freight, $52.7 billion for air, $88.3 billion by rail, and $830.5 billion by road.  How big a slice is freight taking from your company’s budget? On average, transportat...