Wednesday, November 10, 2010
Inflation is coming... BIG TIME!
UPS will be raising their shipping rates 4.9% across the board come the beginning of 2011. Their maximum dimensional weight specs will shrink to the point that many items that would fit in a generic 1-lb box will now automatically weight 2-lbs, and thus be charged a higher rate.
FedEx, I'm sure, will follow suit. The U.S. Postal Service got denied their request for a rate increase, and they're already running in the red, which means that at some point in 2011 postage rates will increase as well.
Shipping costs increasing across the board at 5%... in this economy... umm... yeah... those added business expenses to get anything shipped from-here-to-there will be passed along to you & I.
11/12 Update: Well, I was right. The U.S. Postal Service just posted an $8.5 billion loss.