As 2023 ends, we wanted to notify our clients that the yearly rate increases from carriers are imminent.

Every year carriers implement what is called a General Rate Increase (GRI), and, for 2024, while we have not yet received specific rates from the carriers, we know this increase is expected to be roughly 5.9% across all carriers. (For historical context, note average GRI’s from 2017 to 2021 were 4.9%, while 2022 increases were 5.9% and 2023 increases saw 6.9% increases.)

Announced Increase Dates:

• UPS: December 26, 2023
• FedEx, DHL Express, Maergo: January 1, 2024
• USPS: January 21, 2024
• (Others to be announced)

Below are links to some articles announcing the expected increases. As Ryder E-Commerce by Whiplash gets more detailed information from our carriers, we will share specifics on rate increases.

USPS announces new shipping rates for ground advantage and priority mail services in 2024 (msn.com)

FedEx Announces Adjusted Shipping Rates, Fees, and Surcharges | FedEx

Shipping Costs and Rates | UPS - United States

Please contact your CSM or support@whiplash.com if you have any questions.