diff --git a/CHANGELOG.md b/CHANGELOG.md
index e2f303f..5cc7793 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -13,3 +13,7 @@
 ### Miscellaneous Chores
 
 * release 1.0.0 ([c1407d2](https://www.github.com/ShipEngine/shipengine-python/commit/c1407d2de88182c75ba6dafff1ab30a3ed71efc6))
+
+## 1.0.1
+
+* increase default timeout from 5s to 60s
diff --git a/pyproject.toml b/pyproject.toml
index 7331b60..4030c63 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "shipengine"
-version = "1.0.0"
+version = "1.0.1"
 description = "The official Python library for ShipEngine API."
 readme = "README.md"
 authors = ["ShipEngine <support@shipengine.com>"]
diff --git a/shipengine/__init__.py b/shipengine/__init__.py
index cbc0cbc..b61c560 100644
--- a/shipengine/__init__.py
+++ b/shipengine/__init__.py
@@ -1,5 +1,5 @@
 """ShipEngine SDK."""
-__version__ = "1.0.0"
+__version__ = "1.0.1"
 
 import logging
 from logging import NullHandler
diff --git a/shipengine/shipengine_config.py b/shipengine/shipengine_config.py
index 3bd6617..60834b0 100644
--- a/shipengine/shipengine_config.py
+++ b/shipengine/shipengine_config.py
@@ -16,7 +16,7 @@ class ShipEngineConfig:
     DEFAULT_RETRIES: int = 1
     """Default number of retries the ShipEngineClient should make before returning an exception."""
 
-    DEFAULT_TIMEOUT: int = 5
+    DEFAULT_TIMEOUT: int = 60
     """Default timeout for the ShipEngineClient in seconds."""
 
     def __init__(self, config: Dict[str, Any]) -> None:
diff --git a/shipengine/version.py b/shipengine/version.py
index 5becc17..5c4105c 100644
--- a/shipengine/version.py
+++ b/shipengine/version.py
@@ -1 +1 @@
-__version__ = "1.0.0"
+__version__ = "1.0.1"
diff --git a/tests/test_shipengine_config.py b/tests/test_shipengine_config.py
index 7d784b2..c1526cf 100644
--- a/tests/test_shipengine_config.py
+++ b/tests/test_shipengine_config.py
@@ -198,7 +198,7 @@ def test_config_defaults(self) -> None:
 
         assert config.retries == 1
         assert config.page_size == 50
-        assert config.timeout == 5
+        assert config.timeout == 60
         assert config.base_uri is BaseURL.SHIPENGINE_RPC_URL.value
 
     def test_to_dict_method(self) -> None: