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 beginning Oct. 24. Customers will be able to download the 2009 rate and service guide on Dec. 18.Ìý
UPS is ranked No. 1 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.