There is bad news for business who rely on online business, shipping rates are going up. While nearly every rate for every service is going up, there are plenty of ways to help you mitigate the impact on your shipping costs. In fact, in one study, almost half of the participants had opportunities to actually reduce shipping costs by simply re-evaluating their carrier and service selection process.
- All three of the big carriers are raising shipping costs in 2017, with UPS changes go into effect first, on Dec. 26, 2016, with average increases of 4.9% on shipping costs and 4.6% on their residential surcharge.
- FedEx follows on Jan. 2, 2017, with an average 4.4% on shipping rates and 5.1% on their residential surcharge.
- Finally, on Jan. 22, 2017, USPS joins in with rate increases of 2.7% – 4.9% across their various services (USPS does not impose surcharges).
“E-commerce sellers need to take the time and make the effort to fully understand the changes.”