Every year the major shipping carriers make adjustments to their rates. Here is an overview of the 2024 general rate increases across all major shipping carriers.
We’ve included the effective dates when these general rates start, average increases across all services, and a few highlights that may be new information for shippers. Please note these are general rates, your individual shipping mix and negotiated rates may vary.
Below is a high-level breakdown of the major changes with each carrier. This post will continue to be updated as more information is released from each shipping company.
FedEx
Effective January 1, 2024
The average rate increase across all FedEx services: 5.9%
Highlights
- This rate increase average does not take into consideration surcharge increases.
- Surcharge increases (like Ground Residential, Delivery Area, and Additional Handling, Remote Residential/ Remote Commercial, Additional Handling Peak and Oversize) will be updated at a later date.
Read the full announcement.
UPS
Effective December 26, 2023
The average rate increase across all UPS services: 6.9%
Highlights
- This rate increase average does not take into consideration surcharge increases.
- Surcharge increases (like Ground Residential, Delivery Area, and Additional Handling) will be updated at a later date.
Read the full announcement.
USPS
Effective January 21, 2024
- The average increase across all impacted products would be approximately 2% if approved.
- Media Mail is increasing 13.3% for 1-5 lbs., 9.9% for 6-10 lbs., and 8% for > 11 lbs.
The Postal Service has yet to release updates for specific services. This article will be updated with new information as it gets published by USPS.
Read the full announcement here.
TBD Pitney Bowes and DHL eCommerce
Not all carriers have published their 2024 rates. This article will be updated when more carriers release information about next year’s rate increases.
How Will the 2024 Shipping Rates Affect Ecommerce Businesses?
The rate increases above are generalized and may not reflect any volume discounts or special services you use.
Generally, if your brand has any of the following characteristics, it is likely that you will see larger increases than the average percentage stated above.
- Large packages (additional handling/oversized)
- Has a high percentage of long zone shipments
- Remote area packages
- Dangerous goods packages
Tags: Shipping carrier updates
