UPS Announces 2008 Rates

UPS (NYSE:UPS) today announced new list rates for 2008, including an average 4.9 percent increase for UPS Ground and Ground Hundredweight shipments and a net average increase of 4.9 percent on all air express and U.S. origin International shipments.

The 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 current fuel surcharge. Updated rate and service information will be posted on ups.com/rates beginning Nov. 16, and customers can preview UPS Ground, Air and International express rates. On Dec. 31, customers can download the 2008 Rate and Service Guide.

The new rates will take effect on Dec. 31, 2007.