Editor's Note: This post has been updated with new links and content. Original Publication Date: May 31, 2013 One of the questions we get a lot is about freight cost accounting — specifically, how to record freight costs in accounting. In this post, we’ll discuss what makes freight accounting different from accounting in other ...
Continue ReadingJun 11
2020
Mar 25
2020
UPS & FedEx Suspends Service Guarantees Amid Global Pandemic
Posted: Mar 25, 2020
The global novel coronavirus pandemic has created great uncertainty all over the world. The disruptions to travel and commerce has led UPS and FedEx to suspend all service guarantees for Express, Ground and Freight for both Domestic and International shipments immediately and until further notice. This means that UPS and FedEx will no longer honor their promise to give you a refund when your s...
Continue ReadingDec 30
2019
UPS and FedEx 2020 Rate Increases: Let's Look at the Damage
Posted: Dec 30, 2019
UPS and FedEx 2020 rate increases were recently announced. And as in years prior, it's an average 4.9% rate increase across the board. That's for the service level rates themselves. If you look at the UPS and FedEx 2020 rate increases, however, you'll see a different impact that you may not be so happy about. Most surcharges have gone up about 3 1/2 to 4%. But some of them, includ...
Continue ReadingDec 23
2019
Top 2020 Parcel Trends That You Should Know About
Posted: Dec 23, 2019
Top 2020 parcel trends are creating smarter shippers and mitigating costs. Trend #1: Rates Will Continue to Rise At the end of every year, UPS and FedEx announce their general price increase for next year. On average, the increase is only around 4.9%. What you don't see in that increase is the surcharges. This year surcharges are going to have a large impact on parcel shi...
Continue ReadingDec 16
2019
Optimizing Your Parcel Contracts Will Get You Results
Posted: Dec 16, 2019
Optimizing your parcel contracts will not leave you feeling uncertain. No one wants to feel like their contract is anything less than the most efficient in the market. Contracts can be very complex and cumbersome. And if you're not a contract expert with a parcel, there's a chance some ...
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