Category: UPS
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UPS to Implement 5.9% Rate Increase, starting on December 23, 2024
UPS is preparing to implement a 5.9% average rate increase starting on December 23, 2024. This increase affects ground, air, and international shipping services. It is similar to the 5.9% hike announced by FedEx, which will take effect two weeks later. UPS has made similar adjustments in the past.
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UPS Announces 5.9% Rate Hike for 2024
UPS has declared a 5.9% rate increase effective December 26, 2023, shortly after FedEx announced a similar average raise starting January 1, 2024. UPS’s decision, part of its commitment to “support ongoing expansion and maintain high service levels,” will also see adjustments to its “demand surcharges,” notably nearly doubling the “Additional Handling” surcharge during the…