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Dive Brief:
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UPS will increase its daily shipping rates for ground, air and international services by an average of 5.9% starting Dec. 21, according to
the carrier's website. -
The rate bump matches the annual increases UPS has applied in
the past three years. The precise impact to individual shippers will vary depending on the characteristics of their packages and the terms of their UPS contract. -
"This helps to support ongoing expansion and capability enhancements as we strive to maintain the high service levels you expect from UPS," the company said. "More detailed rate previews will be available at a later date."
Dive Insight:
The 5.9% increase will arrive at the tail end of the holiday shipping rush, a period in which shippers are expected to be grappling with record-high delivery prices aided by fuel surcharges and peak season fees.
Rival FedEx also revealed plans last month for a 5.9% rate hike slated to take effect Jan. 4, 2027. But how UPS will compare to FedEx when looking at service used, weight and shipping distance is...