In the wake of the dimensional weight announcements earlier this year, both carriers have recently announced their General Rate Increases for 2015. The high level changes are as follows:
FedEx - Effective January 5, 2015
Express (package and freight) standard list rates will increase an average of 4.9%
Ground and Home Delivery rates will increase an average of 4.9%
Ground minimum charge is increasing from $6.24 to $6.61 (5.9% increase)
Dimensional weight will apply to ALL ground shipments.
Freight rates will increase on average 4.9%.
Surcharges such as Delivery Area Surcharge (DAS) and Residential Delivery Charge are increasing across the board.
http://www.fedex.com/us/2015rates/
UPS - Effective December 29, 2014
Air, Ground and International will increase an average of 4.9%
Ground minimum charge is increasing from $6.24 to $6.61 (5.9% increase).
Freight rates will increase on average 4.9%
Dimensional weight will apply to ALL ground shipments.
Surcharges such as Delivery Area Surcharge (DAS) and Residential Delivery
Charge are increasing across the board.
A detailed General Rate Increase analysis will be distributed in the coming weeks.
The document linked below summarizes the FedEx & UPS General Price Increase (GPI) history from 2008 – 2014. We hope you find this information useful. If you would like to discuss strategies to mitigate these rate increases, specific to your organization, please contact Source Consulting.
Click the following link to securely download this free report:
FedEx & UPS General Price Increase (GPI) History 2008 – 2014
Author
Rich Harkey
Rich Harkey
Senior Strategy Manager
Rich Harkey is a results-driven professional with extensive experience in the logistics and supply chain industry.
As the Senior Strategy Manager at Lojistic, Rich leverages over three decades of expertise to help businesses improve their shipping strategies and reduce costs. With a deep understanding of the requirements of shippers and the operational intricacies of carriers, he excels in everything from optimizing business rules and managing carrier invoices to negotiating carrier contracts.
Rich's comprehensive knowledge of the logistics industry, combined with his strategic insights and passion for data analysis, has enabled thousands of companies to gain visibility into their shipping expenses, driving impactful results.