UPS, FedEx, USPS cut rates ahead of holidays as customers push back

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UPS, FedEx, USPS cut rates ahead of holidays as customers push back
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“Shipping rates and what customers are willing to pay just don’t match anymore,” according to Steve Howard, director of World Parcel Alliance.

UPS driver without degree posts $2,400 weekly pay, tells college-educated users making less to unionize

“Shipping rates and what customers are willing to pay just don’t match anymore,” Howard told The Post. “Shipping volumes worldwide are down by at least 25% across the board,” Howard said, adding that some freight ships from Asia “are being canceled right now during the busiest time of year.”Some businesses that have met with UPS and FedEx sales reps say the shippers are “extending discounts and withdrawing penalties on early renegotiation requests,” according to a Wall Street Journal report.

Last year, carries delivered an average 90 million parcels a day during the holidays but that number is expected to drop to 82 million this year, according to ShipMatrix, a firm that analyzes shipping data.Over the past five years, both shippers had implemented caps on the number of parcels they would deliver per customer.

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