​Major players in U.S. logistic market set higher shipping rates

U.S. logistic giant United Parcel Service (UPS) announced on Wednesday that it would raise its serving rates on Dec. 26, following the suit of other major peer players like FedEx and United States Postal Service (USPS).

For packages, the Atlanta, Georgia-based company said that the rates for UPS Ground, UPS Air and International services would increase by an average net 4.9 percent.

UPS would also put a higher price on its airlift service within and between the United States, Canada, and Puerto Rico at the same time. As a result, rates for UPS Air Freight would be 4.9 percent higher.

Besides, the company said it would also change its domestic air fuel surcharge, which would come into effect on Dec. 31, 2018.

FedEx, another logistic giant in the United States and the major rival of UPS, announced in November that it would raise its shipping rates on Jan. 7, 2019.

The Tennessee-based company said its FedEx Express shipping rates would increase by an average of 4.9 percent for U.S. domestic, export and import services. Meanwhile, FedEx Ground and FedEx Home Delivery shipping rates would also increase by the same rate.

FedEx Freight shipping rates would rise by an average of 5.9 percent for shipping services in the United States, Canada and Mexico, according to FedEx.

The USPS, an independent agency of the U.S. federal government, also proposed in October that it would increase rates for its mailing and shipping services on Jan. 27, 2019.

According to the proposal, USPS Mailing Services product prices would rise 2.5 percent. For USPS Shipping Services, the price of Priority Mail Express would increase 3.9 percent and the price of Priority Mail would increase 5.9 percent.