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.
While the 5.9% rate increase may seem modest compared to last year’s rise, it’s important to note that this is just an average. The actual impact on individual businesses may be higher due to additional surcharges and fees for things like package dimensions and delivery area adjustments. For instance, surcharges for larger or heavy packages, as well as changes in ZIP code pricing, could amplify the cost beyond the stated rate.
