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Thursday, October 23, 2008
UPS Raises Rates
Unaffected by the growing financial crisis no more, UPS has announced a general rate increase of 5.9% on both air and international express shipments which will go into effect in January of 09'. Apparently the general rate increase will likely be focused more towards businesses than individuals, however individuals who meet the narrow prerequisites will likely pay the increase.Personally, I'm surprised this increase hasn't come sooner rather than later due to the hit that shipping distributors have been taking. Currently, it is unclear that rates might be increased once more depending upon fiscal issues.
Source: SupplyChainExec
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1 comments:
Each year the major carriers increase rates. In most cases they may scale back one or more surcharges; however, watch for the surcharge to increase later. Also most shipping discount % plans don't apply to surcharges.
If you are looking for real shipping cost savings you should store inventory closer to end buyers. If you sell internationally, move a small amount of inventory into the international market.
Shipwire.com makes this easy to do. We offer warehouses in the US, Canada and the UK. We even offer a free trial of any warehouse that gives you great shipping tools and custom shipping label printing features you can use free forever.
Thank you for writing on this.
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