UPS announced Friday it would raise its shipping rates effective January 6, 2003. UPS Next Day Air will increase 3.2 percent and UPS Worldwide Express will increase 2.9 percent. Rates for UPS commercial ground services will increase 3.9 percent, with the residential surcharge changing from $1.10 to $1.15. UPS also charges a "Fuel Surcharge," an index-based surcharge adjusted monthly, currently 1.25 percent.
UPS last increased its rates on January 7, 2002, with an increase of 3.5 percent for commercial ground services, and 4 percent for overnight and two-day express services.
