According to NBC26, FedEx and UPS ship more than 34 million packages every day. All these items attract charges that range from a few bucks to hundreds of dollars. If you have a big shipment coming in through the usual carriers, here are must-know tips you can use to lower the applicable charges.
The global parcel shipping industry is experiencing a transformation as e-commerce and online services rush to adapt to changing consumer needs and behavior. In the last decade, the global parcel volume has more than tripled. In 2019, the parcel volume reached 103 billion parcels, up from 87 billion units delivered in 2018.
With UPS and FedEx announcing a General Rate Increase (GRI) for 2021, it may be time for your business to consider entering into a new parcel contract negotiation to determine the best possible shipping rates. Unfortunately, your parcel shipping contract may not be as cost-effective as it could be: it is estimated that over $2 billion in credits and refunds go unclaimed every year by businesses in the United States.
In 2018, approximately 13 billion parcels were shipped in the United States. With shipping rates set to increase in 2021, the cost of shipping these millions of parcels is set to go up significantly for you and your business.
The FedEx and UPS General Rate Increase (GRI), may have a significant impact on the shipping industry moving forward. This is why it is important to consider employing a third party pricing expert to determine the best available shipping rates for your business. Below are the best reasons to use a third party with inside pricing knowledge to assess your pricing needs—and find you the most cost-effective solutions.