Effective 2021 – Both UPS and FedEx will implement a 4.9% increase to list rates. This increase represents an average across all service levels, and does not include accessorials, fuel, or other ancillary fees.
As it is with every GRI period, the increase can impact every shipper differently – depending on unique package characteristics. One thing is clear: with new changes being implemented each year, It is important to know the financial impact of the GRI. Simply budgeting a 5% increase on parcel shipping costs is likely a severe underestimate of the actual increase. Here are some of the new changes taking place in 2021:
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