UPS Sets U.S. Shipping Rates For 2003
ATLANTA, Nov. 8, 2002 - UPS (NYSE: UPS) today announced package shipping
rate adjustments for 2003, consistent with those of recent years for daily customers,
that will take effect in the United States on Jan. 6, 2003.
UPS Next Day Air® will increase 3.2 percent and UPS Worldwide Express® will increase 2.9 percent for U.S. export shipments. Rates for UPS's U.S. commercial ground services will increase 3.9 percent, with the residential surcharge changing from $1.10 to $1.15.
UPS's Fuel Surcharge, an index-based surcharge that is adjusted monthly, is holding at 1.25 percent for November and December 2002, the lowest surcharge in the industry.
IIn August 2002, UPS began guaranteeing residential ground deliveries in the United States. This service completes UPS's portfolio of guaranteed delivery services that customers turn to for committed reliability.
"We are confident that UPS's portfolio of transportation services
continues to offer the best value in the industry," said John Beystehner,
UPS senior vice president of worldwide sales and marketing. "In addition
to competitive rates and high reliability, we provide many value-added services
and technologies that help customers achieve cost-efficiencies."
UPS's integrated transportation and information network offers customers, through
a single point of contact and seamless access, a full portfolio of guaranteed
shipping solutions ranging from air and ground to international service. Online
tools, Web or wireless tracking capabilities and a broad array of returns options
are among the innovative technologies that make UPS's portfolio even more
valuable and functional for customers.
The 2003 UPS rates with these changes will be available on UPS's Web site,
UPS.com, or by calling 1-800-PICKUPS on Dec. 6, 2002. UPS OnLine® WorldShip
and MyUPS.com, including its Quick Cost Calculator, will automatically reflect
the new rates when they become effective on Jan. 6, 2003. Additionally, UPS
Online® Tools integrated directly into customer Web sites will automatically
reflect accurate rate information.
Founded in 1907, UPS is the world's largest transportation company, offering
the most extensive range of e-commerce and supply chain solutions for the movement
of goods, information and funds. In 2001, UPS generated revenues of US$30.3
billion and delivered more than 3.4 billion packages and documents worldwide.
Headquartered in Atlanta, Ga., in the United States, UPS serves more than 200
countries and territories with the support of more than 370,000 employees worldwide.
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Except for historical information contained herein, the statements made in
this release constitute forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Such forward-looking statements, including statements regarding
the intent, belief or current expectations of UPS and its management regarding
the company's strategic directions, prospects and future results, involve certain
risks and uncertainties. Certain factors may cause actual results to differ
materially from those contained in the forward-looking statements, including
economic and other conditions in the markets in which we operate, governmental
regulations, our competitive environment, strikes, work stoppages and slowdowns
(or customer behavior in anticipation of such events), increases in aviation
and motor fuel prices, cyclical and seasonal fluctuations in our operating results,
and other risks discussed in the company's Form 10-K and other filings with
the Securities and Exchange Commission, which discussions are incorporated herein
by reference.
For more information, contact:
Christine McManus
404-828-6840
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