UPS Announces 2012 Price Increase
Recently, UPS announced an increase of 4.9% for their services in the 2012 calendar year, or at least that was the headline. Upon further review, the 4.9% increase is actually a 5.9% increase offset by a 1% decrease in the fuel surcharge index. UPS further states that international shipments will increase 6.9% but offset by a 2% reduction in the fuel index.
All the details are not known, such as the various changes to acceessorial charges, but this increase is similar to what FedEx already announced. However, FedEx reported a fuel index redcution of 2% for domestic services, compared to UPS’s fuel index being reduced 1%.
More will be coming on this subject, but keep in mind these increases will be taken in January.