UPS to Raise Rates -- but Not Till After Christmas

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David Goldman/AP
By Nick Carey

CHICAGO -- Package delivery company United Parcel Service (UPS) said Monday that rates for its services within and between the United States, Canada and Puerto Rico will rise by an average of 4.9 percent as of the end of the year.

The Atlanta-based company said the rate changes for its ground, air, international and freight services would start Dec. 29.

Last month, the company's main rival FedEx (FDX) announced a similar rate increase of 4.9 percent, which also includes shipments between the United States and Mexico, plus within Mexico. FedEx's rate increase will take effect Jan. 5.

UPS Says U.S. Rates To Rise 4.9 Percent As Of December 29
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