With the FedEx and UPS GRIs announced, companies can begin planning their logistics budgets for 2023. One part of that is understanding how your costs will change compared to last year — but more important is figuring out where you can avoid cost increases. This report can help you with both.

Here's what you should know:

1. Costs Are Rising At An Historic Rate: In consecutive years, FedEx and UPS have implemented their two largest rate increases ever (5.9% in 2022 and 6.9% in 2023).
2. There Are Less Obvious Costs Companies May Not Know They Are Paying: Both carriers have open-ended “Demand Surcharges” in place that started as temporary pandemic-related fees in 2020.
3. FedEx and UPS Are Heading In Opposite Directions: UPS service performance is up while FedEx is dealing with falling revenue.  
4. FedEx and UPS Are Both Facing Economic Headwinds: Higher operating costs and lower demand have given negotiating leverage to shippers.

Read the Full Report Here:  

Contact TransImpact with the form below to receive a no-obligation report detailing how much your costs will go up starting December 27, 2022, under the 2023 UPS and FedEx GRIs (along with all the other fees and surcharges in place right now).

About TransImpact & OMNIA Partners

TransImpact is an industry leader in end-to-end technology-based supply chain solutions that optimize operations, create efficiencies, and improve margins to transform the business performance of members of OMNIA Partners. We are relentless in our goal of driving bottom-line business impact by providing the tools and exceptional service you need today with the pioneering ideas and innovations of tomorrow.

OMNIA Partners is the largest and most experienced procurement and supply chain management organization. Covering both the private and public sectors, OMNIA Partners unites industry-leading buying power and world-class suppliers to offer an extensive portfolio of sourcing solutions and partnerships. Learn more about how your procurement team can leverage a GPO.