UPS rates to go up about 5%

The price of getting parcels to their destination via United Parcel Service is going up after the holiday sales season.

UPS said Thursday that daily rates for ground and air service would increase an average of 4.9%. The price increases are set to take effect Dec. 26.

The package delivery company said an average 4.9% general rate increase on freight would take effect Sept. 19.

The rate increases will support "ongoing expansion and capabilities enhancements," UPS said in a statement.


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