Typically, shippers’ cost pressures increase during peak season as individual companies (UPS, FedEx, etc.) institute higher surcharges to cover increases in their operating costs.
UPS announced its 2024 rate increases, which are set to go into effect on 26 December 2023. Rates for UPS Ground, UPS Air, and International services will increase by 5.9%.
FedEx matched UPS’ figure, announcing its own 5.9% increase.
The U.S. Postal Service (USPS) will not institute any peak season surcharges, ending a practice that began in 2020.
Amazon’s ground transport service will not add peak season fees, undercutting much of the market.