UPS announced that new rates will kick in, effective January 2, 2012.
Company officials said that 2011 rates will include a net increase of 4.9 percent for UPS ground packages and a net increase of 4.9 percent on all UPS air services and U.S. origin international shipments. This increase is identical to the one for 2011.
UPS Next Day Air Freight and UPS 2nd Day Air Freight rates for shipments within and between the U.S., Canada and Puerto Rico will increase 5.9 percent. UPS 3 Day Freight rates will remain unchanged.
In July, UPS Freight, the company’s less-than-truckload subsidiary rolled out a general rate increase covering non-contractual LTL shipments in the U.S., Canada, and Mexico of 6.9 percent, which took effect on July 25.
UPS’s biggest competitor, FedEx, announced in September that it plans to increase shipping rates by a net average of 3.9 percent for U.S. domestic, U.S. export and U.S. import services, effective January 2, 2012. They added that FedEx Ground and FedEx SmartPost pricing changes for 2012 will be rolled out by the end of 2011.
Read the full article by Jeff Berman in Logisitics Management.
Is it because they are in demand in the market today? However, it is good that they want the public to know about the said changes.
Posted by: Truckload (LTL) Shipment | December 23, 2011 at 01:10 AM