UPS announces rate increases

user-gravatar Headshot

UPS on Friday, Nov. 9, announced new list rates for 2008, including an average 4.9 percent increase for UPS Ground and Ground Hundredweight shipments, and a net average increase of 4.9 percent on all air express and U.S. origin International shipments.

The increase for air express and international shipments is based on a 6.9 percent increase in the base rate, less a 2 percent reduction in the current fuel surcharge. Updated rate and service information will be posted on www.ups.com/rates beginning Friday, Nov. 16, and customers can preview UPS Ground, Air and International express rates. On Dec. 31, customers can download the 2008 Rate and Service Guide.

The new rates will take effect on Dec. 31.