Are you being Dimmed?
Companies often pay for more weight than they realize. Package dimensions can be very costly. What is dimensional weight (aka DIM weight)? Dimensional weight is based on the measurements of a package: (L x W x H) / DIM divisor. The standard DIM divisor is 139. When a package is sent, your carrier will electronically… Read more »
Freight auditing should be a higher priority
Freight Auditing Services are growing in demand increasingly over the last two years. There are hidden costs from errors on freight invoices that are unnecessarily pulling profits from your bottom line. Freight carrier billing systems are often imperfect and prone to mistakes. Just recently, FedEx has suspended Economy Domestic FedEx Express Freight which includes FedEx… Read more »
FedEx Base Discounts and Earned Discounts – may not be discounts at all
FedEx offers base discount rates that are available for all their service levels. But there may be services shippers use more often such as FedEx 2Day® in which there may be 0% discount applied. On the other hand, shippers may be getting discounts on other services they never use such as FedEx International Economy®. Here… Read more »
How should your shipping plan change in 2022?
Shippers expect the annual increases, but 2021 was different and will continue to be different into 2022, and maybe even indefinitely. The continuous rise in surcharges and rates makes it increasingly challenging for shippers which is leading to researching other carriers in addition to UPS and FedEx or going with the one with better rates.… Read more »
2022 UPS Rate Increase on Ground Services
While UPS has announced a 5.9% average net increase for 2022, lightweight Ground packages are receiving far above this average. The 1 to 20 pound weight breaks show the most substantial increase, topping out at 7.46%, while the 71 to 100 pound weight break falls a bit under the average at 5.67%. When looking at… Read more »
2022 FDX Rate Increase on Ground Services
While FedEx has announced a 5.9% average net increase for 2022, lightweight Ground and Home Delivery packages are receiving far above this average. The 1-to-20-pound weight breaks show the most substantial increase, topping out at 7.46%, while the 71-to-100-pound weight break falls a bit under the average at 5.73%. When looking at Ground shipments by… Read more »
2022 FDX GRI Increase on Domestic Service Levels
FedEx’s General Rate Increase will go into effect on January 3th, 2022. FedEx Express shipping rates will increase by an average of 5.9% for Domestic, Export, and Import services. This is the first time in 8 years that the increase is above the normal, annual increase of 4.9%. FedEx SmartPost shipping rates will also increase.… Read more »
2022 UPS GRI Increase on Domestic Service Levels
UPS is en route with FedEx rolling out their 5.9% average increase, December 26, 2021 for 2022. The highest spikes in services are Next Day Air and 3 Day Select, the latter increasing by 9.50%. These two services could see the most magnitude of usage in 2022 being consumers want low or no cost shipping… Read more »
2021-2022 Carrier Accessorial Charge Increases
Most shippers are aware that weight, zone and service level affect cost. But most are unaware that shipments are subject to accessorial charges which are additional charges not included in shipping cost. Accessorial charges are charged by carriers for package characteristics and value-added services that go beyond the normal pick-up and delivery requirements agreed upon… Read more »
Small parcel shipping is ever-changing
Companies are starting to be more proactive in uncovering opportunities to recover money from small parcel carriers due to carrier errors and invoicing mistakes. Carriers are having a difficult time invoicing correctly. For this reason, auditing UPS and FDX invoices are necessary. Areas that need to be audited have changed in the past 12 months… Read more »