Over the past month or so, freight carriers have been announcing
general rate increases (GRIs) for this fall/winter. We’ve already provided some
information about the small
package increases but now PartnerShip has compiled
some details for your benefit so you can make well-informed, money and time
saving decisions about the best way to handle your freight shipping.
Let’s
start with defining GRIs. GRIs are just what they sound like — increases in
freight rates. There are many reasons why these increases are necessary, but
the main reason is a sharp increase in costs that carriers face every year due
to things like fuel, maintenance, insurance, labor costs, and driver
shortages.
Listed to the right, we've compiled GRIs for five of the larger national LTL freight carriers, the percentage at which their rates will be
increasing, and the dates these increases will go into effect. One important thing to remember is that these rate increases are only averages across all origin and destination ZIP code combinations served by each individual carrier. The effect of the rate increase will vary for individual customers and shipments based on geography, product classification, lane, weight, and dimensions.
Remember, PartnerShip is here
to help you offset these increases. We've negotiated with carriers on your
behalf to bring you the best rates in the industry with the most reliable
national and regional carriers. In addition to great rates, PartnerShip brings
a dedicated
freight team, free
money-saving services like invoice auditing and inbound
management,
and easy-to-use
online freight tools ... all designed to save your company time and take the guesswork
out of freight shipping (click here to create a PartnerShip.com account if you haven't already).
If you would like more
information on these GRIs, please contact PartnerShip at 800-599-2902 or
email sales@PartnerShip.com. Click
here for a free, no-obligation shipping analysis to help you determine which carriers and
which lanes will save you the most money on your freight shipping.