United Parcel (UPS) Announces Rate Increases for FY13; Air Rates Tick 4.5% Higher
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United Parcel Service Inc. (NYSE: UPS) released new published rates for 2013, including an average net increase of 4.5 percent on all UPS Air and U.S. origin international services and 4.9 percent on UPS Ground services.
The rate increase for UPS Air and International Services is based on a 6.5 percent average increase in the base rate, less a two percentage point reduction to the Air and International fuel surcharge table. The rate increase for UPS Ground services is based on a 5.9 percent average increase in the base rate, less a one percentage point reduction to the Ground fuel surcharge table.
Additionally, UPS Next Day Air® Freight, UPS 2nd Day Air® Freight and UPS 3 Day Freight® rates for shipments within and between the U.S., Canada and Puerto Rico will increase 4.9 percent.
The rate increase for UPS Air and International Services is based on a 6.5 percent average increase in the base rate, less a two percentage point reduction to the Air and International fuel surcharge table. The rate increase for UPS Ground services is based on a 5.9 percent average increase in the base rate, less a one percentage point reduction to the Ground fuel surcharge table.
Additionally, UPS Next Day Air® Freight, UPS 2nd Day Air® Freight and UPS 3 Day Freight® rates for shipments within and between the U.S., Canada and Puerto Rico will increase 4.9 percent.
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