Inbound package rates rise; market braces for sticker shock

Inbound packet rates go up as market braces for sticker shock (Photo: Jim Allen/FreightWaves)

The Universal Postal Union (UPU) regulations increased inbound package rates within the U.S. as of today, July 1. As agreed to by the UPU and the U.S. in October 2019, the deal will ensure that the country remains a part of the UPU. The changes were put in place after the U.S., the largest importer in the world, threatened to leave the UPU, citing mandated cheaper parcel rates granted to countries with a “developing” status tag – including China. 

The UPU was forced to come to the table for...

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