Market Update: FedEx Fuel Surcharge Increase a Sign of What’s to Come?

Posted by PLS Logistics October 8, 2015 at 11:00 AM

Because of low oil prices, fuel surcharges are relatively low, which helps ease the cost of transportation for shippers. Current carrier pricing is better than it has been in years, but this trend won’t last.

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What You Need to Know: 3PL Protection from GRI

Posted by PLS Logistics December 18, 2014 at 8:00 AM

Carriers apply a General Rate Increase (GRI) to all or specific trade routes in order to balance costs of their business. The rate increase is deemed necessary by carriers in order to provide paramount services, compensate labor, improve equipment and advance operations. A handful of carriers have recently raised their rates and it is expected that more carriers will announce a GRI soon.

Why do carriers increase rates?
Carriers have to maintain performance adeptness. Because of the holiday season, the manufacturing demand is sizeable and the production of goods grows. The carrier market has an aging driver demographic, and raises rates in order to attract and retain new drivers; by offering higher salaries and better benefits. High fuel costs and growing operating costs are affecting carriers as well. And, finally, carriers need to implement technological advancements and add to their fleet operations.

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