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How Pandemic Changes are Driving Higher Carrier Rate Increases
Manage episode 443248635 series 3585669
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Featured Replay: Check out this classic episode on the intricacies of the General Rate Increase (GRI) within the small parcel shipping industry, packed with valuable insights that are still relevant today.
In this repurposed "Q&A" session, TJ Roberts and host Glenn Gooding break down the complexities of the General Rate Increase (GRI) in the small parcel shipping world. They begin by tracing the evolution of GRIs and how pandemic-driven changes, like the surge in residential deliveries, have reshaped rate structures and surcharges - impacting eCommerce shippers more than ever before.
The discussion highlights the often-overlooked role of surcharges, revealing how they can drive up shipping costs even more than base rate hikes. Glenn and TJ share strategies to manage these costs, from optimizing carrier mixes to leveraging regional carriers. They also dive into the power of data analytics, showing how granular insights can help shippers make smarter, cost-saving decisions.
Looking ahead, they stress the importance of regularly re-evaluating supply chains to stay competitive, especially with challenges like the upcoming 2023 UPS Teamster negotiations on the horizon. This episode, filled with expert insights, is a must-listen for shippers needing to navigate the complex and expensive world of small parcel logistics effectively.
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