The Wall Street Journal-20080114-UPS Inc-- Rates to Rise- Following Similar Move by FedEx
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UPS Inc.: Rates to Rise, Following Similar Move by FedEx
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UPS Inc.'s over-the-road, heavy freight division will raise its general rate an average of 5.4% on noncontractual shipments in the U.S. and Canada. The increase goes into effect Feb. 4 and applies to minimum-charge less-than-truckload and truckload rates. Less-than- truckload carriers consolidate freight for more than one customer in a single truck. Last month, FedEx Corp. said its freight segment will implement a 5.5% general rate increase, effective Jan. 14, and its long-haul, less-than-truckload business will impose a similar increase for its general rates.
