The general rate increase or GRI is the annual price increase issued every year by the major parcel carriers. Though this is a known occurrence, many customers might not notice when these price increases happen, which in turn can alter your parcel budget without your knowledge. The carriers claim that the prices increase around 4.2% every year, but that is not the true picture.
The 4.2% increase is distributed across the services, weights, and zones in a selective manner that are to the carrier’s advantage based on the weights and zones that they serve the most. Additionally, the surcharge price increases are not included in the 4.2% increase and generally increase much more.
Parcel BI offers many solutions to help you manage your companies parcel spend. Whenever you are in touch with your data, you can control your budget better, get insights into how the GRI affects your rates, and so much more.
Our tools allow you to not only look at your data, but at your contracted rates subject to your historical volume and the current or previous years rates. In fact you can see how your rates have increased yearly, going back to 2017.
In order to see how truly beneficial our business intelligence tools work for you, we're offering a free analysis for anyone who would like a live proof of value demonstration of Parcel BI. This is a no-risk, no-cost demo that uses your company's data to show you exactly how and where your prices are going to increase for 2020.
If you are a shipper or you deal with parcel on a daily basis, and you are not monitoring your data, you could be missing so many charges, prices increase, hidden fees, chargebacks, and more. Take control of your data and take control of your parcel spend with Parcel BI.