UPS To Raise Rates By Nearly 5 Percent

upsThe following was posted on the UPS website today: UPS (NYSE:UPS) today released new published rates for 2011, including a net increase of 4.9 percent for UPS ground packages and a net increase of 4.9 percent on all air express and U.S. origin international shipments. The rate increase for UPS ground shipments is based on a 5.9 percent increase in the base rate, less a 1 percent reduction to the index-based ground fuel surcharge. The rate increase for air express and international shipments is based on a 6.9 percent increase in the base rate, less a 2 percent reduction to the index-based air and international fuel surcharge.

Updated rate and service information will be posted on ups.com/rates beginning today. On Jan. 3, 2011, when the new rates take effect, customers can download the 2011 Rate and Service Guide.

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