TransImpact says there will be virtually no difference in rates in 2023 between FedEx and UPS.
Shippers using FedEx Corp. and UPS Inc. can expect 8% to 10% price increases in 2023 once rate and various “accessorial,” or add-on, charges are factored in, according to an annual forecast published Monday by consultancy TransImpact LLC.
Though the rates will differ depending on specific products, the all-in result is there will be virtually no discrepancy between the carriers, the consultancy said. Both have announced record 6.9% general rate increases (GRIs) for 2023. However, virtually all parcel traffic moves under contract.
