UPS Inc. says it is raising rates for ground and air shipments next year by 4.9 percent. The package shipping company typically announces rate increases in fall for the following year.
The new rates apply to air and ground shipments within the U.S., as well as air shipments that originate in the U.S. and are headed overseas.
The Atlanta company is also raising rates for next-day air freight and second-day air freight in the U.S., Canada and Puerto Rico by 5.9 percent.
The new rates take effect Jan. 2.
UPS had raised its freight unit prices 6.9 percent for shipments in the U.S., Canada and Mexico on Aug. 1. The freight unit moves heavier shipments like refrigerators.