UPS Sets 2010 Rates

UPS (NYSE:UPS) today released new list rates for 2010, including an average increase of 4.9 percent for UPS Ground packages and an average net increase of 4.9 percent 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 percent increase in the base rate, less a 2 percent 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.

An explanation of the fuel surcharge calculation methodology along with the new rate tables will be available on www.ups.com/rates.

UPS (NYSE: UPS) is the world's largest package delivery company and a global leader in supply chain and freight services. With more than a century of experience in transportation and logistics, UPS is a leading global trade expert equipped with a broad portfolio of solutions. Headquartered in Atlanta, Ga., UPS serves more than 200 countries and territories worldwide. The company can be found on the Web at UPS.com. To get UPS news direct, visit pressroom.ups.com/RSS.