FedEx and UPS raise their rates every year, but there are a few things that make 2022 unique. Demand for parcel services is at an all-time high thanks to the pandemic and all of its ripple effects. As a result, the announced average rate increase of 5.9% is notably higher than what we’ve seen in the past several years. To help NFDA members prepare and budget for the year ahead, PartnerShip, part of the NFDA Discount Advantage Program, has analyzed the FedEx and UPS increases so you can accurately prepare for the new year.
A few key changes to understand:
- FedEx and UPS rates are increasing an average of 5.9%, but how much your actual costs will go up will depend on your package characteristics and the services you use.
- The announced average increase doesn’t account for surcharges, many of which will also drive up your costs in the new year.
- You can use the NFDA Discount Advantage Program to help offset these rising costs with discounts of 45% on FedEx Express and 25% on FedEx Ground by signing on with PartnerShip. Learn more at www.nfda.org/DiscountAdvantage.
Get a simplified explanation of the complicated changes you need to be aware of when you download the free white paper, The Essential Guide to the 2022 FedEx and UPS Rate Increases, from PartnerShip.