3
2013
2013 FedEx and UPS Rate Increases
An article by shipsurance
Declared Value Rates increasing to $0.85 per $100.
As is becoming a yearly tradition, FedEx and UPS have raised their rates for declared value protection effective December 31st, 2010 and January 7th, 2013, respectively. Their shipping rates and other auxiliary services are increasing, as well.
An even bigger hit is seen to their minimum charges for declared value coverage The minimum charges will increase from $2.40 to $2.55. If you want coverage from FedEx or UPS for a shipment valued at $150.00, they will charge you $2.55 to cover it!
Here is a list of all the rate changes in the past 9 years:
Year |
UPS & FedEx Rate* |
% Increase |
2004 |
$0.35 with $1.05 min |
– |
2005 |
$0.40 with $1.20 min |
14% |
2006 |
$0.50 with $1.50 min |
25% |
2007 |
$0.55 with $1.65 min |
10% |
2008 |
$0.60 with $1.80 min |
9% |
2009 |
$0.65 with $1.95 min |
8% |
2010 |
$0.70 with $2.10 min |
7.5% |
2011 |
$0.75 with $2.25 min |
7% |
2012 |
$0.80 with $2.40 min. |
6.7% |
2013 |
$0.85 with $2.55 min. |
6.3% |
Total Increase: |
243% |
|
*Rate for $100.00 of coverage, per package.
If you have thought about shipping insurance with a private insurance company like Shipsurance, now is the time to take another look.
Our pricing has not changed with the carrier increases. In fact, we have lowered our pricing over the years.
Why Shipsurance?:
- Low coverage rates.
- Broader coverage. You do not have to keep track of what FedEx, UPS, USPS, etc will or will not cover.
- Rapid, FAIR, and paperless claims process.
- Insurance integrated with most major shipping systems.
- Friendly customer service. If you have a claim, you will be dealing with one Representative not passed around to restate the issue.
