• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
FedEx driver loading packages onto a delivery truck. 2024 shipping discounts. - Supply Chain News

FedEx and UPS Offer Discounts Amidst 2024 Rate Increases

01/23/2024
Random Dynamic Resources Ltd Nominated for Go Global Awards 2025

Random Dynamic Resources Strengthens Research Impact Across Africa and Beyond

06/30/2025
Random Dynamic Resources Ltd Nominated for Go Global Awards 2025

Random Dynamic Resources Ltd Nominated for Go Global Awards 2025

06/30/2025
TransPak Marks Over 70 Years of Excellence in Packaging and Global Logistics

TransPak Nominated for 2025 Go Global Awards in London

06/30/2025
TransPak Marks Over 70 Years of Excellence in Packaging and Global Logistics

TransPak Marks Over 70 Years of Excellence in Packaging and Global Logistics

06/30/2025
Larry Company Nominated for Go Global Awards 2025

Larry Company Emerges as Iraq’s Largest Name in Pools Spas and Construction

06/26/2025
Larry Company Nominated for Go Global Awards 2025

Larry Company Nominated for Go Global Awards 2025

06/26/2025
The Allied Founders Celebrates Over 5 Decades of Excellence in Cast Iron Manufacturing and Global Export

The Allied Founders Pvt Ltd Nominated for Go Global Awards 2025

06/25/2025
The Allied Founders Celebrates Over 5 Decades of Excellence in Cast Iron Manufacturing and Global Export

The Allied Founders Celebrates Over 5 Decades of Excellence in Cast Iron Manufacturing and Global Export

06/25/2025
Comet Web Solutions LLP Nominated for Go Global Awards 2025

Comet Web Solutions Empowers Global Businesses Through Digital Innovation

06/26/2025
Comet Web Solutions LLP Nominated for Go Global Awards 2025

Comet Web Solutions LLP Nominated for Go Global Awards 2025

06/25/2025
CloudFirst Technology Private Limited Nominated for Go Global Awards 2025

CloudFirst Technology: Pioneering Cloud Innovation with Global Impact

06/25/2025
CloudFirst Technology Private Limited Nominated for Go Global Awards 2025

CloudFirst Technology Private Limited Nominated for Go Global Awards 2025

06/25/2025
supplychainreport
Tuesday, July 1, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

FedEx and UPS Offer Discounts Amidst 2024 Rate Increases

by Zyrene D.
01/23/2024
in Economic Indicators, Global Trade, Importing & Exporting, Industry, Industry, Logistics & Transportation, Market Trends, Risk Mitigation, Security & Risk, Warehousing & Distribution

Facing a soft demand for delivery services, FedEx and UPS are reportedly offering discounts to attract more business to their networks. According to Micheal McDonagh, president of parcel for AFS Logistics, the initial shipping rate proposals from these carriers are more competitive than in previous years, as they aim to capture market share from each other due to limited organic growth.

“There’s a noticeable shift in strategy as carriers focus on acquiring volume from competitors in a market where organic growth is limited,” McDonagh observed in an interview. He highlighted the unusual pricing dynamics currently at play in the industry.

YOU MAY ALSO LIKE

Random Dynamic Resources Strengthens Research Impact Across Africa and Beyond

Random Dynamic Resources Ltd Nominated for Go Global Awards 2025

In terms of express parcel rates, which cover faster delivery services, a year-over-year (YoY) decrease is anticipated for the first quarter. Projections indicate a drop to 1.8% above the index’s baseline set in January 2018, a decrease from the 4.1% increase seen in the first quarter of 2023.

Despite these more favorable initial rate offerings for shippers, AFS Logistics advises caution due to the impact of an average annual rate increase of 5.9% announced by the carriers, along with recent hikes in their fuel surcharges.

AFS Logistics detailed in their press release that both FedEx and UPS have implemented adjustments to their fuel surcharges. “In the express category, there was a 1% increase in fuel surcharges by both carriers. For ground shipping, FedEx raised its fuel surcharge by 1%, while UPS increased theirs by 1.25%,” the release stated.

Discover top supply chain news stories at The Supply Chain Report. For international trade resources, head to ADAMftd.com.

FedExUPSDiscounts #ParcelIndustryTrends #ShippingRateWar #ExpressParcelRates #AFSLogistics #DeliveryDemandShift #FuelSurcharges #ShippingCostInsights #ParcelMarketUpdate #CarrierCompetitivePricing

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.