In late October, UPS announced a 6.9% General Rate Increase for 2023 in alignment with the 6.9% GRI issued by FedEx for next year. The UPS increase will take effect first on 12/27/22 and the FedEx increase will take effect on 1/2/23.
First, a question to consider. How much room is there for improvement in your company's supply chain and logistics management?
Photo credit: DW labs Incorporated - Adobe Stock TranzAct Technologies is honored to be one of only seven providers named a FedEx Certified Freight Bill, Audit, and Pay (FBAP) Provider. Our certification is in the “Parcel and Freight (LTL)” Certification Category and FedEx also offered a “Parcel Only” Certification Category.
The supply chain keeps getting more challenging to navigate. In the past few years, logistics professionals have dealt with a significant escalation in rates, delays from packed ports, and labor shortages across the industry, amongst other issues.
While the logistics industry has never been entirely predictable, the past two years have been perhaps the most difficult when it comes to planning for what’s ahead.
The escalating volumes and rates in the ocean market have created both the need and the opportunity to learn more about this mode.
Record after record has been broken for the number of ships at the Port of Los Angeles this year. The newest record of 103 ships at terminals or offshore made headlines recently, and may soon be broken as ships continue to pour into the ports to deliver goods for the holiday season.
As summer gets underway, so does construction season and many might be wondering what will happen with the proposed infrastructure changes in the United States.
Originally Published 11/5/2019 Updated 4/29/2021 By Jean Regan, President & CEO Your largest carrier gives you a moderate line haul increase but indicates that they are increasing their accessorial fees and adding some new charge codes to their accessorial schedule. The line haul increase appears reasonable but how do you know the impact of the change in the accessorial schedule? We had one client who experienced a moderate increase in the line haul pricing but when we examined the impact of the changes in the accessorial schedule they had agreed to, it amounted to a whopping 17% increase. What does this mean for the future?
