UPS Announces 5.9% Rate Hike for 2024
UPS has declared a 5.9% rate increase effective December 26, 2023, shortly after FedEx announced a similar average raise starting January 1, 2024. UPS’s decision, part of its commitment to “support ongoing expansion and maintain high service levels,” will also see adjustments to its “demand surcharges,” notably nearly doubling the “Additional Handling” surcharge during the holiday season.
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