Resources
Carrier rate and surcharge announcements, the industry news that moves them, and analysis from people who priced these agreements inside the carriers. Each one explains what the change could mean for your shipping costs.
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UPSUPS 3Q Earnings
UPS reported third-quarter solid earnings for 2024, beating Wall Street expectations. The company posted adjusted earnings per share of $1.76 and revenue of $22.2 billion, driven by a 6.5% increase in daily U.S. package volume and a 5.8% increase in daily U.S. package revenue.
UPSUPS changes effective on or after 1/27/2025
Effective January 27, 2025 The Large Package Surcharge (LPS) will be determined using revised calculations based either on the shipment’s length, weight, or cubic volume. Regarding the Additional Handling Charge (AHC), the length plus girth definition for AHC will be replaced by a cubic volume definition to determine the applicability of AHC.
USPSUSPS proposing change in 2025
The USPS has proposed a new rule to stop using dual shipping labels by industry shipping partners. This change is part of the “Delivering for America” plan, which seeks to phase out services and policies that no longer align with USPS’s goals.
UPSUPS adds more Surcharges
Effective October 21, 2024 The list of ZIP codes to which Area Surcharges apply will change. The list of ZIP codes aligned to certain Zones will change.
AmazonAmazon Air Services
Amazon Air is now selling cargo capacity on their aircraft to third parties. Amazon stated they would provide space on 100+ aircraft with more than 250 daily flights, including partner airlines, and offer ad hoc, charter, or blocked space services.
UPSUPS adds fee for Credit Card Shippers.
For UPS invoices paid via credit card on or after October 26, 2024, an additional surcharge equal to 2% of the total amount paid will apply. In the past, shippers would accept lesser discounts to use a credit card. If this is the case, now is the perfect time to renegotiate with UPS.
ParcelDockworkers Reach Tentative Deal
The International Longshoremen’s Association and the United States Maritime Alliance (USMX) reached a tentative six-year agreement. This included a 62 percent increase in wages during the life of the agreement for the 45,000 members to return to work, raising the average wage from $39 to $63 an hour.
ParcelDockworkers on Strike
Longshoremen went on strike at ports along the East Coast and the Gulf of Mexico at Midnight to start in October of 2024. This action will disrupt the economy and halt trade across various goods just weeks before the presidential election.
UPSUPS Surge Fee Increase
Effective October 13, 2024, UPS will revise Surge Fee rates and applicability. Once again, UPS is raising its rates by extending surge fees to cover shipments from the US to international destinations. As stated, these Surge Fees are subject to change, and Fuel Surcharge will apply based on the billable weight of the shipment.
DHLDHL Growth Strategy
DHL Group has introduced its “Strategy 2030 – Accelerate Sustainable Growth” framework, targeting 50% revenue growth by 2030 compared to 2023. The company plans to achieve this by focusing on its core businesses, leveraging growth in fast-growing regions and sectors, and capitalizing on e-commerce trends.
ParcelPeak Season 2024
The parcel market has slowed. While things are calm, peak season is approaching. This year’s forecast predicts a more subdued peak, yet hidden challenges remain that could derail carefully planned operations, draining cash and sinking budgets.
FedExFedEx Q1 2025 Earnings
Q1 2025 reported lower guidance and missed all the major metrics, with revenue growth flat year-over-year. No worries – FedEx is confident in its ability to impose all these new fees without driving away too many customers and has already pre-negotiated fees with its larger shippers.
AmazonAmazon October Prime Days
Amazon announced that Prime Big Deal days will return on October 8-9, 2024 Amazon Prime Day is an event that happens during the year, offering their prime members exclusive deals. Usually, one in July and one in October lasts 48 hours in 19 countries, generating billions of sales.
DHLDHL Express Preparing for Peak 2024
DHL Express is investing over €100 million in air and shipment handling capacity to prepare for the anticipated surge in demand during the year-end 2024 peak season. This investment will also include supplemental flights with existing aircraft.
FedEx2025 FedEx 5.9% General Rate Increase
The FedEx General Rate Increase (GRI) will go into effect on January 6, 2025. The standard list rates for FedEx package and freight will increase on average by 5.9% The 5.9% increase is an average over ALL FedEx shippers and will impact you differently depending on your shipping profile and agreement.
UPSUPS international fuel surcharge increase, September 16, 2024
Starting September 16, UPS will implement another increase in Fuel surcharge tables for both Export and Import shipments. For the second time in two months, UPS will increase Fuel Surcharge for International Ground and Air Exports and Imports.
ParcelDiscount Rates Changes Announced
The United States Postal Service (USPS) will enter into New Agreements with Package Consolidator Companies Consistent with its Delivering for America (DFA) Strategy * Postal Service will no longer offer discounted rates through Negotiated Service Agreements for packages entered by consolidators at Post Office Delivery Units * Since implementation began three years ago, the DFA
UPSUPS to Acquire Frigo-Trans
Today UPS announced the acquisition of Frigo-Trans, and its sister company BPL, (together “Frigo-Trans”) industry-leading, complex healthcare logistics providers based in Germany. This acquisition will enhance UPS’s end-to-end capabilities throughout Europe for UPS Healthcare customers who increasingly require temperature-sensitive and time-critical logistics.
OnTracOnTrac fuel surcharge increase, October 7, 2024
On October 7, 2024, OnTrac will raise its fuel surcharge to align with UPS’s Domestic Ground and SurePost surcharge. Information regarding OnTrac’s rates, surcharges, and fuel surcharges can be viewed at: OnTrac Ontrac is a last-mile parcel carrier for retailers and direct-to-consumer brands that span 35 states and Washington, D.C.
DHLNew DHL eCommerce Distribution Center
The company is relocating from Raleigh to Concord, NC. The larger distribution center will handle 30% more parcels and packages for online merchant customers with the help of state-of-the-art automation.
FedExFedEx Strategic Alliance and Financial Investment with Nimble
FedEx has formed a strategic partnership and made a financial investment in Nimble, a company specializing in AI robotics and autonomous technology. The aim is to expand FedEx’s fulfillment services across North America.
USPSUSPS Proposes Temporary Rate Changes for 2024 Holiday Shipping Season
The United States Postal Service (USPS) will temporarily adjust its prices to cover the additional handling cost for a smooth peak season.
FedExFedEx fuel surcharge table increase, September 2, 2024
On September 2, 2024, FedEx will increase their fuel surcharge tables for package services/domestic air and Ground, Home Delivery, and International Ground.
UPSUPS fuel surcharge table increase, August 26, 2024
On August 26, 2024, UPS will implement another fuel surcharge matrix increase. Details of the announcement can be viewed at: ups.com/fuelsurcharge This is an excellent time to engage our consultants to use our advanced analytics to guide you in controlling costs.
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