Oct 10 2023 25 mins
2024 is just around the corner... and so are rate increases!
Both FedEx and UPS have announced a 5.9% GRI for 2024. But as shippers know, the "G" stands for "general," and that 5.9% is just an average across base rates.
In reality, each individual shipper will be impacted differently, and for most, rates will go up a lot more than 5.9%
Kevin Miller, Sifted's VP of Data Insights, joins the show to break down these increases and offer advice to understanding how they might impact your business + how to mitigate that impact.
Main topics:
- How rates are increasing more than 5.9%
- Increases to specific services to watch out for
- What does FedEx's GRI tell us about what kinds of packages they desire?
- Predictions for UPS' specific rate increases, which are yet to be announced
- Advice for shippers heading into 2024
Additional resources:
- Sifted's 2024 GRI Analysis eBook: https://sifted.com/guides/2024-gri-analysis/
- FedEx shipping rate changes: https://www.fedex.com/en-us/shipping/rate-changes.html
- How the UPS Teamsters agreement will impact shippers: https://sifted.com/resources/how-the-ups-and-teamsters-agreement-will-impact-shippers/
- Kevin on LinkedIn: https://www.linkedin.com/in/kevin-miller-b421874a/
- Caleb on LinkedIn: https://www.linkedin.com/in/caleb-nelson-57a2322/
Both FedEx and UPS have announced a 5.9% GRI for 2024. But as shippers know, the "G" stands for "general," and that 5.9% is just an average across base rates.
In reality, each individual shipper will be impacted differently, and for most, rates will go up a lot more than 5.9%
Kevin Miller, Sifted's VP of Data Insights, joins the show to break down these increases and offer advice to understanding how they might impact your business + how to mitigate that impact.
Main topics:
- How rates are increasing more than 5.9%
- Increases to specific services to watch out for
- What does FedEx's GRI tell us about what kinds of packages they desire?
- Predictions for UPS' specific rate increases, which are yet to be announced
- Advice for shippers heading into 2024
Additional resources:
- Sifted's 2024 GRI Analysis eBook: https://sifted.com/guides/2024-gri-analysis/
- FedEx shipping rate changes: https://www.fedex.com/en-us/shipping/rate-changes.html
- How the UPS Teamsters agreement will impact shippers: https://sifted.com/resources/how-the-ups-and-teamsters-agreement-will-impact-shippers/
- Kevin on LinkedIn: https://www.linkedin.com/in/kevin-miller-b421874a/
- Caleb on LinkedIn: https://www.linkedin.com/in/caleb-nelson-57a2322/