This article is focused on the 2023 FedEx General Rate Increases as they impact furniture companies (particularly eCommerce furniture companies).
In the coming weeks, we are going to highlight a number of industries and consider the impact that the rate increases will have on their packages.
Taken in aggregate, it is reasonable to expect your actual rates to increase by roughly 10% as linehaul will be slightly below 10%, while surcharges are almost all above 10%. The extended peak season can have a substantial impact. The impact will be most severe for companies who are often assessed oversize charges.
Looking forward to 2023, maybe the biggest unknown is fuel. Fuel increases drove up costs in 2022 by roughly 10%, and it remains to be seen whether fuel prices will remain steady, if they will increase or decrease. A swing of 5% in either direction is likely worth considering when forecasting costs, and companies who are looking to be cautious may want to model larger swings
The analysis here is a generalized analysis designed to provide insight for a particular package profile. For a free analysis on how the 2023 rate increases on your company, please email email@example.com or fill out the form on our website.
Background The freight charge for FedEx and UPS packages are billed based on service, distance (measured in zones) and weight. The weight is determined by
Overview While there are many factors that can contribute to the carriers viewing a company as a desirable client, one major on is whether their
This article is focused on the 2023 FedEx General Rate Increases as they impact furniture companies (particularly eCommerce furniture companies). In the coming weeks, we