In the realm of shipping, the annual General Rate Increases (GRIs) proclaimed by major carriers, FedEx and UPS, carry significant implications for businesses. Despite the carriers promoting a 5.9% increase for 2024, Reveel's in-depth analysis reveals a more intricate reality. Contrary to the publicized figures, the study uncovers that the average FedEx customer may face an 8.17% hike, while UPS customers might experience a 7.72% increase in shipping costs in the upcoming year.

Reveel's consistent track record of exposing disparities between published rate card increases and actual cost burdens is reaffirmed in this latest analysis. CEO Josh Dunham underscores the pivotal role of advanced data science, emphasizing its transformative power in unraveling hidden price increases. This capability not only brings transparency to the forefront but also empowers businesses to make informed, proactive decisions.

Despite the challenges presented by the 2024 GRIs, shippers find themselves in a favorable position. Carriers are now more amenable to negotiation, offering an opportunity for businesses to secure favorable rates, terms, and conditions.

To delve deeper into the analysis and gain actionable insights, we encourage businesses to download our comprehensive guide. This resource equips them with the knowledge needed to navigate the complexities of the 2024 GRIs effectively and enhance their negotiation strategy. Take a step towards informed decision-making and strategic shipping management.

Please CLICK HERE to download the white paper.