Announcement: ShipRx's 2025 General Rate Increase Report
Download NowLast year, 23.8 billion parcels were shipped in the US, marking a 4% increase from 2023 and 50% growth since 2019. Consumers rely on parcel deliveries now more than ever, but FedEx and UPS are losing revenue.
Last month, US Postmaster General Louis DeJoy announced his resignation. Now, he's signed an agreement with the Department of Government Efficiency (DOGE) and the General Services Administration to discover cost-cutting possibilities.
The parcel delivery industry is feeling the effects of today's volatile economic landscape. Concerns over tariffs that may spark a recession and trade war have businesses and consumers acting cautiously, leading FedEx to lower its full-year forecast for adjusted profit from $19-$20 to $18-$18.60.
UPS is increasing fuel surcharge calculations by 50 basis points. It's also adding several other fees that could affect your monthly payments.