A survey from shipping software provider Shippo showed that communication of average ecommerce shipping time is one of the top two things consumers want to see on a product or checkout page. Yet less than half of merchants provide that information to shoppers.
Days before its third quarter earnings report, UPS matched rival FedEx by announcing a general rate increase of 6.9% for 2023, an unprecedented figure for both major carriers set as a benchmark for pricing shipper contract rates. FedEx took heat last month in announcing its rate increase last month, as it reported a painful quarter.
Stamps.com, which had been struggling since ending its long-term partnership with the U.S. Parcel Service in February, has been buoyed by a new deal with UPS. As part of the deal, Stamps.com’s 740,000 shipper customers can get discounts up to 55% off standard UPS rates and relief from surcharges.
Understanding the fuel surcharges from the major carriers can be a tricky proposition. While FedEx has yet to make a grand announcement, both carriers reserve the right to regularly review their fuel pricing. How much are your fuel charges increasing? Learn how the new rates from FedEx stack up vs. main rival UPS.
As he reviews the report from his U.S. Postal Service task force and weighs next steps including possible privatization, President Donald Trump has now set his sights abroad in pursuit of more equitable international postage rates from the Universal Postal Union or UPU, according to media reports.
Higher shipping costs not only harm your margins, but they may push away potential customers with a big appetite for online shopping. A bad experience or a high price could send them into the arms of your competitors. So what can you do to prevent this from happening? Here are 5 ways you can rein in high shipping costs.
FedEx reported revenue was up 4% and net income up 141% for the fourth quarter ended May 31.
Which is more important in the eyes of the consumer this holiday: free shipping, delivery tracking, shipping options, or overall shipping costs? The answer, well, all depends on which demographic you are trying to secure but simply a wide variety of shipping options could be the key to offering the best shopping experience to consumers this holiday season.
With nearly 50% of Americans abandoning their shopping carts due to high shipping costs, it’s imperative for merchants to focus on managing delivery fees in order to ensure a happy customer this holiday season. In this infographic from Pitney Bowes, you will walk away with a few quick tips that can help you keep a happy customer and a secured sale during the most competitive time of the year.