5 Strategies to Get Prepped for Peak Season Download

Sifted logo

9/11/23 Parcel News Update

by Grayson Gilbert

Sep 11, 2023

2 min read

1. FedEx Releases 2024 GRI

After previewing a 5.9% GRI, FedEx released the full details of their 2024 rate increases last week. According to Sifted VP of Data of Insights Kevin Miller, most increases seem relatively “normal,” but FedEx continues to target large packages with steep increases, sending a clear message that they prefer the most profitable, easily-conveyable shipments.

  • Additional Handling Surcharge: Up ~$5 or 19.5% from 2023
  • Oversize Charge: Up $30 or 18.5% from 2023

Sifted will soon release a full analysis of FedEx’s GRI.

FedEx 2024 GRI Page

 

2. UPS Follows FedEx, Previews 5.9% GRI and Releases Demand Surcharges

Much like FedEx previewed a 5.9% average rate increase weeks ahead of the full GRI release, UPS has announced a preview of their 2024 increases, matching FedEx’s 5.9% average. The new rates will go into effect December 26, 2023.

Unlike, FedEx, however, they did not provide a date when full rate and surcharge increases will be published.

UPS also released peak season Demand Surcharges, which were slightly higher than those of FedEx.

UPS Demand Surcharges will apply to shippers sending over 20,000 packages per week, and will be in effect from October through January.

Large packages are being hit particularly hard:

  • Additional Handling: $6.90 (up from $6.50 last year)
  • Large Package: $74.90 (up from $70 last year)
  • Over Maximum: $410 (up from $400 last year)

View all of UPS’ 2024 Demand Surcharges.

Article from Mark Solomon, FreightWaves

 

3. UPS Gains FAA Exemption, Allowed to Operate Drones Beyond Line of Sight

The Federal Aviation Administration (FAA) has granted UPS an exemption from regulations restricting drone operations beyond a visual line of sight, opening a critical door for UPS to scale drone delivery operations.

UPS Flight Forward, their drone-focused subsidiary, can adjust operations, which have required multiple visual observers in the past, for greater scale. Drones can now be operated from a remote operations center in Kentucky. Flights will operate in Florida, North Carolina, Ohio, and potentially more states in the future.

Article from Max Garland, Supply Chain Dive

Grayson Gilbert

Grayson is the Marketing Specialist at Sifted. He leads our earned media efforts, podcast production, and review generation, all the while tracking industry news for our team and clients. His media relations skills have landed Sifted’s thought leaders in top publications like FreightWaves, Supply Chain Dive, PARCEL Magazine, and Yahoo! Finance. Connect with Grayson on LinkedIn here.
Topics

Check out related resources at Sifted.

What’s New in SiftedAI—And What Our Clients Are Saying About It

What’s New in SiftedAI—And What Our Clients Are Saying About It

When developing SiftedAI, the 3.0 version of our platform, our vision was to go beyond just bringing visibility to ...
Read More
Prep for Peak Season Now to Avoid Shipping Issues During the Holidays

Prep for Peak Season Now to Avoid Shipping Issues During the Holidays

Year after year, July sneaks up on everyone. One minute it’s January and before you know it, the year is halfway ...
Read More
Sifted Wins Two Top Industry Awards for Innovation

Sifted Wins Two Top Industry Awards for Innovation

We’re excited to share that Sifted has recently been recognized with two awards: 2025 Top Supply Chain Projects ...
Read More
How E-Commerce Shippers Can Offer Free Shipping

How E-Commerce Shippers Can Offer Free Shipping

Free shipping isn’t just a perk–it’s an expectation. PYMNTS reports that in 2025, 66% of consumers look for free ...
Read More
How To Add and Set Up a UPS Billing Account

How To Add and Set Up a UPS Billing Account

Setting up a UPS Billing Account is essential for businesses seeking streamlined shipping and billing processes. ...
Read More
The 5 Biggest Hidden Shipping Inefficiencies (and How to Fix Them)

The 5 Biggest Hidden Shipping Inefficiencies (and How to Fix Them)

Want the eBook version of The 5 Biggest Hidden Shipping Inefficiencies (and How to Fix Them)?Hidden shipping ...
Read More
SiftedAI Wins iF Design Award for User Experience

SiftedAI Wins iF Design Award for User Experience

We’re excited to share that SiftedAI has been recognized with an iF Design Award for our platform’s User ...
Read More
How SiftedAI Reporting Studio Can Improve Your Shipping Reporting

How SiftedAI Reporting Studio Can Improve Your Shipping Reporting

The parcel world is only getting more complex. Monitoring and optimizing your spend and performance across ...
Read More
How to Lower Your Last Mile Delivery Costs in 2025

How to Lower Your Last Mile Delivery Costs in 2025

As expectations for faster, more efficient shipping increase, the last mile is a crucial, but costly, part of the ...
Read More
Types of Shipping Surcharges

Types of Shipping Surcharges

A shipping surcharge (also called accessorial fees or accessorials) is an additional fee applied to the base shipment costs. These surcharges commonly appear as “service charges” or “handling fees”.
Read More
Why Should Shippers Seek Alternative Delivery Methods

Why Should Shippers Seek Alternative Delivery Methods

As the world of parcel shipping continues to shift and evolve, alternative delivery is becoming increasingly ...
Read More
Meet Sifted at Manifest 2025

Meet Sifted at Manifest 2025

Manifest 2025 is the premier showcase of cutting-edge logistics tech, happening February 10th-12th at the Venetian ...
Read More
No results found.

Profile Monitoring
Get always-on monitoring across your cost-sensitive KPIs

Scenario Modeling
Test strategic investment decisions out in a virtual sandbox

Carrier Management
Gain transparency into carrier performance, pricing, and billing

Accounting Automation
Automate the manual and error prone processes

Reporting & Analytics
Centralize insights, visualize trends, and create custom reports

Monitoring via Alerts
Stay ahead of every change in your parcel operation with actionable alerts

Blog
Discover news, tips, and industry best practices

DIM Weight Calculator
See how DIM is impacting you

Podcast
Hear from industry experts on LeaderShipping

Case Studies
Learn how other brands use
Logistics Intelligence

Carbon Calculator
Calculate your CO2 Emissions

Guides
Download free reports and
expert how-tos

Frequently Asked Questions
Explore top questions from shippers evaluating SiftedAI

About Sifted
Get to know Logistics Intelligence

Unboxed Newsletter
Subscribe for parcel news, predictions & tips

Logistics Intelligence
For parcel shippers

Let's get you to the right place!

SIFTEDAI
New & Improved Logistics Intelligence Platform

AMAZON
Redirect to Valence Intelligence Login

Not sure if you have an account? Email [email protected].