UPS Announces Rate Hikes for 2010

Get ready to pay a bit more for package shipments next year as UPS has announced its new list rates for 2010, which includes an average increase of 4.9% for UPS ground packages and an average net increase of 4.9% on all air express and U.S. origin international shipments.

The rate increase for air express and international shipments is based on a 6.9% increase in the base rate, less a 2% reduction in the air and international fuel surcharge index.

Updated rate and service information will be posted on www.ups.com/rates beginning Nov. 20. On Dec. 18, customers can download the 2010 Rate and Service Guide. The new rates take effect on Jan. 4, 2010.

Also effective Jan. 4, fuel surcharge tables for air express and ground services will be adjusted. The changes will better align air and ground fuel surcharges and will substantially reduce the volatility of air surcharges when fuel prices fluctuate.