![]() ![]() While it’s impossible to analyze every change, below are some important takeaways for all shippers to note and assess:ġ. It’s important you understand how base rate and surcharge increases will impact your 2023 UPS spend. While the FedEx increases are effective January 3, 2023, the new UPS rates will go into effect a week earlier on December 27, 2022.Īs is always the case with carrier GRI, and noted with an asterisk at the bottom of the announcement, “the impact of these changes on your shipping costs will vary according to your shipping characteristics and the terms of your UPS agreement.” Translated, very few shippers will realize an increase equivalent to 6.9% most will be higher. Matching rival FedEx’s September announcement, UPS has revealed its 2023 General Rate Increase (GRI) will also set an all-time high of 6.9%. Editor's Note: This article was updated on 10/28/22 to reflect a correction to 3 Day Select Rates and the Large Package International Fee
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