In a completely unsurprising move, UPS announced that their General Rate Increase (GRI) for 2023 will match FedEx’s increase of 6.9%. While the two national parcel giants historically mirror each other, what is surprising about last week’s announcement is the amount. For the past few years, both carriers have raised their rates by an average of 4.9% each year. …
That’s a wrap! Parcel Forum 2022 concluded last week in Chicago, and the Zero Down team was there to capture the latest and greatest news from all around the small parcel world. While getting to celebrate the 20th anniversary of the conference in person was amazing, for those that couldn’t attend, we wanted to provide …
As we enter Q4, it’s time to Go Bid or Go Home. In the latest report from the Logistics Manager’s Index, transportation capacity continues to rise, as businesses sit on already overstocked inventories. Per the Wall Street Journal, freight rates are plummeting from the historic highs of the previous year, as ocean shippers cancel record …
