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UPS unveils 2009 rate hike

BOSTON
Fri Oct 17, 2008 3:31pm EDT

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United Parcel Service (UPS) vehicle are parked next to compressed natural gas (CNG) fuel pumps at a UPS facility in Los Angeles, California July 22, 2008. REUTERS/Fred Prouser

BOSTON (Reuters) - Package delivery company United Parcel Service Inc (UPS.N) said on Friday it plans to raise its prices next year.

The company plans to increase its rates for ground shipments by about 5.9 percent, with air shipments becoming on average 4.9 percent more expensive.

The new rates will take effect on January 5, it said.

(Reporting by Scott Malone)



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