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Monday November 23, 2009
UPS raises 2010 rates by 4.9%
CHICAGO: United Parcel Service Inc (UPS), the world’s largest package delivery company, said on Friday that it plans to raise air and ground freight rates by an average 4.9% in 2010.
The company also said it planned to change its fuel surcharges in an effort to “decrease fuel surcharge volatility when fuel prices fluctuate.”
In September, UPS’s chief rival, FedEx Corp, announced a 3.9% increase in air freight rates for 2010. It has not yet announced its new ground rate schedule. — Reuters
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