ShippingTree Blog Peak Season Surcharges 2024: What ecommerce brands need to know

It’s that time of the year again—peak season is upon us. And with it, pesky peak surcharges have arrived. For ecommerce merchants, these inevitable temporary surcharges cause a surge in shipping costs during a vital time when brands are trying to secure sales and boost net profit before the end of the year. But, not all hope is lost. By understanding these surcharges and implementing strategies to mitigate them, retailers can control shipping costs and keep profits healthy during the holiday season. Let’s dive in! Why do carriers apply peak season surcharges? The holiday season is the number one retail event of the year, and the 2024 peak season shows no signs of slowing down. According to Statista, the 2024 holiday shopping season is expected to generate $960 billion in retail sales, a 4% increase from 2023’s peak. Plus, there’s an added sense of urgency—this season is actually shorter than previous years, with only 27 days between Black Friday and Christmas Day. This means more shipments going out within a shorter timeframe. With such a massive influx of demand on carriers, it’s no surprise that they implement demand surcharges on top of regular shipping rates to offset the costs it […] The post Peak Season Surcharges 2024: What ecommerce brands need to know appeared first on ShippingTree.