UPS Freight Sets 5.9% Rate Hike
UPS Freight, the less-than-truckload unit of UPS Inc., said it will institute an average 5.9% general rate increase later this month.
The increase will cover non-contractual shipments in the U.S., Canada and Mexico, and will take effect on Oct. 18.
It will apply to minimum charge, LTL rates and accessorial charges, UPS said in a statement late Friday.
The release follows similar announcements this week by FedEx Freight, FedEx National LTL and ABF Freight System, which also set higher rates. (Click here for previous story.)
UPS is ranked No. 1 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
