UPS Ground Freight Price Increase

UPS has announced and increase for Ground Freight.  Here is the announcement:

Dear Customer,

At UPS, we are always dedicated to enhancing our global network, streamlining our service offerings, and delivering exceptional service to help you meet your customer commitments reliably. We also understand the importance of planning ahead. To assist you, here is a summary of our 2025 rate changes.

The following changes will take effect on December 23, 2024:

  • The rates for UPS® Ground, UPS® Air and International services will increase an average net 5.9%.
  • UPS Air Freight rates within and between the U.S., Canada, and Puerto Rico will increase an average net 6.0%.

The impact of the rate changes on your shipping costs will vary according to your shipping characteristics and the terms of your UPS agreement.  For additional information about these and other important changes, and to get the most up-to-date shipping rates, visit ups.com/rateupdates. The 2025 UPS Rate and Service Guide will be available to download on ups.com/rateupdates on or before December 23, 2024.

Port Strikes May Cause Shockwaves Across the US

We have been hearing rumblings of potential strikes by Port Workers for the past quarter.  It seems like these rumors might become a reality.

This can lead to supply chain delays in our industry and other industries where supplies are imported.

 

Attached are 3 links to reports about the pending strikes.

https://maritime-executive.com/article/ila-increases-posture-for-east-and-gulf-coast-port-strike-on-october-1

https://maritime-executive.com/article/new-strike-threats-loom-in-august-over-canada-s-west-coast-ports-and-rails

https://www.reuters.com/business/possible-us-seaport-strike-could-back-up-goods-months-shipping-experts-say-2024-08-14/

 

If you have any questions, please contact Brandon Kent at bkent@telemarkcorp.com

Koehler Announces Price Increase

This attachment is a copy of a Price Increase Announcement from Koehler effective April 1, 2024.

It is still uncertain how this will play out in the US Markets.

If you have any questions, please contact Brandon Kent, bkent@telemarkcorp.com