Starting Sept. 19, it will cost 4.9% more on average to ship a package through United Parcel Service Inc.’s freight service.
A similar 4.9% increase will go into effect across UPS’s other services as of Dec. 26, the Atlanta-based company said Thursday.
UPS said the higher rates, roughly in line with increases carried out in previous years, would help pay for system upgrades and expansion.
In July, UPS reported a 3.2% increase in second-quarter profit, driven in part by its e-commerce delivery segment, but cautioned its traditional stronghold of business-to-business shipments would remain weaker due to lower exports tied to the strength of the U.S. dollar and an inventory overhang among industrial customers.
By: Maria Armental (The Wall Street Journal).
Contributing: Laura Stevens.
Photo: Fortune.
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