Rates are going to increase in 2020 with carriers FedEx and UPS. Manufacturing Works Members need to stay informed of the changes in order to keep costs low. Here are the top takeaways you need to know:
With the New Year approaching, it’s time to look at the UPS and FedEx rate increases for 2018 and how they will affect your costs. In September, FedEx announced an average increase of 4.9% on Express and Ground services. UPS joined the party in October, announcing that they will also be increasing their rates by an average of 4.9%. The new UPS rates will take effect on December 24, 2017, while FedEx will be instating them a week later on January 1, 2018.