UPS to Raise Air, Ground Rates in 2007

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PS said Friday it will raise rates for ground and air shipments by 4.9%, effective Jan. 1.

The increase in air shipments is based on a base rate hike of 6.9%, less a 2% reduction in fuel surcharges, the parcel carrier said in a statement.

UPS is ranked No. 1 on the Transport Topics 100 list of U.S. and Canadian for-hire car-riers.