(International Freighting Weekly – Damian Brett & Katerina Kerr)
UPS and FedEx push up cost of shipments
UPS and FedEx have both announced plans to increase rates in North America over the coming months.
UPS Freight, one of the largest less-than-truckload (LTL) carriers in the US, has announced a general rate increase of an average 5.9% for non-contractual shipments in the US, Canada and Mexico. The rate adjustment will take effect on 18 October, and will apply to minimum charge, LTL rates and associated charges. Read more here.