UPS Sets 5.9% LTL Rate Hike for 2009
UPS Inc. said Friday it has set a 5.9% rate increase for its less-than-truckload unit, UPS Freight, for 2009.
The company also set an average increase of 5.9% for UPS Ground packages and an average net increase of 4.9% on all air express and U.S.-origin international shipments.
The new rates will take effect Jan. 5, the company said in a statement.
The increase for air express and international shipments is based on a 6.9% increase in the base rate, minus a 2% reduction in the air and international fuel surcharge index.
Updated rate and service information will be posted on the company’s Web site at www.ups.com/rates beginning Oct. 24. Customers will be able to download the 2009 rate and service guide on Dec. 18.
UPS is ranked No. 1 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
