FedEx and UPS Announce 2007 Rate Increases
FedEx Corp. and UPS, Inc. have announced standard list rate increases for 2007. According to ABA affinity partner PartnerShip, both carriers are instituting an average 4.9 percent rate increase on ground shipping. UPS is also instituting a 4.9 percent rate increase for its air and international shipments, and FedEx Express is instituting a rate increase of 3.5 percent for similar services. The new rates and surcharge changes will go into effect on January 1.