Parcel consultants predict significant rate increases in 2024

Customer RelationsHigh Tech / High TouchInflationMoney Matters
Written By Jennifer Joslyn

📦 Parcel consultants predict significant rate increases in 2024.

Parcel consultants anticipate significant rate increases of 6% to 10% in base rates and accessorials charges for 2024. Weak pricing in the parcel delivery sector for the remainder of 2023 will be followed by rate hikes driven by inflation and carrier dominance in the business-to-business (B2B) and business-to-consumer (B2C) markets. Shippers are advised to negotiate strong agreements with rate caps to mitigate steep increases, although some level of increase is expected in next year's plans.

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Jennifer Joslyn
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