UPS to raise air express shipping rates 4.9% in 2011

UPS said the rates on all of its air express and US-origin international shipments will rise by a net average of 4.9% from Jan. 3, 2011. It said the rate increase is based on a 6.9% heightening of the base rate less a 2% reduction of an index-based air and international fuel surcharge. Rival FedEx...

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