UPS Inc. has raised its 2023 rates by 6.9% on its SurePost product, a last-mile delivery program it manages in conjunction with the U.S. Postal Service.
The increase, which takes effect Dec. 27, matches the 6.9% across-the-board general rate increase that UPS (NYSE: UPS) announced last month. It also matches the 6.9% increase that rival FedEx Corp. (NYSE: FDX) imposed on its Ground Economy product., which targets the same customer base as SurePost. That increase takes effect Jan. 2.
The FedEx...
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