UPS Announces 2020 General Rate Increase
In case you missed it, UPS has officially announced their 2020 general rate increase (GRI).
The announced 4.9% increase will go into effect on December 29, 2019.
In addition to higher transportation charges, accessorials will increase, and some new ones will be added. Also, the list of ZIP codes to which Delivery Area Surcharges and Extended Area Surcharges apply will change.
UPS, FedEx Implement Additional Handling Charge
If you ship a lot of parcels weighing between 50-70 pounds, you could be in for a major price increase in 2020.
For the first time, UPS and FedEx will implement an “additional handling surcharge” on ground and air deliveries of packages in that weight range. Currently, shipments up to 70 pounds are exempt from this charge.
The change will go into effect with the carriers’ general rate increases on December 29, 2019 for UPS, and January 6, 2020 for FedEx.
Reminder: While carriers announce a general rate increase each year, it’s just that – a general rate.
Every shipper will be affected differently. When you know what the specifics mean for you, you’ll be able to make the necessary adjustments to avoid surprises and keep your shipping costs under control.
Download our free GRI guide to prepare your business.