Category: Thermal Market Info

We just received this email from UPS about their upcoming Rate Increases:

2024 Rates and Services

This summer, UPS and the U.S. Teamsters reached a new five-year labor agreement that rewards our hardworking people and sets us up to better serve you. We want to thank you for continuing to trust us with your shipping needs.

At UPS, we are committed to investing in the best team in the industry, innovative technology, and an unmatched global network. This is all to ensure that you can serve your customers with needed speed and reliability. To help you plan ahead, here is a summary of our rate changes for 2024.

• Effective December 3, 2023, UPS Air Freight rates within and between the U.S., Canada, and Puerto Rico will increase an average net 6.3%.
• Effective December 26, 2023, the rates for UPS® Ground, UPS® Air and International will increase an average net 5.9%.

The impact of the rate changes on your shipping costs will vary according to your shipping characteristics and the terms of your UPS agreement. For additional information about these and other important changes, and to get the most up-to-date shipping rates, visit ups.com/rateupdates . The 2024 UPS Rate and Service Guide will be available to download on ups.com/rateupdates on or before December 26, 2023. An updated version of the 2023 Rate and Service Guide with revised UPS Air Freight rates will be available to download on ups.com/rateupdates on or before December 3, 2023.

If you are not already enrolled, please visit ups.com/subscribe to sign up to receive email notifications on rate and service updates, regulatory changes and critical information related to shipping with UPS. You can sign up to receive newsletters, shipping tips or other information from UPS as well.

We appreciate your trust in UPS, and we are dedicated to continuing the highest levels of service for your business through reliable service and innovative solutions.

Sincerely,

Sophia Shoate
President, U.S. Sales