Breaking

UPS Matches FedEx Rate Hike With 5.9% December Increase

UPS will implement a 5.9% rate increase effective December 21, aligning with FedEx's planned adjustment. Carriers across multiple modes are pursuing rate increases, with truckload contract rates holding above 10% gains as capacity constraints persist. Trucking executives indicate regulatory pressures on driver compliance continue to support carrier pricing power even amid moderate demand conditions. The move follows a similar 5.9% general rate increase from less-than-truckload operator Roadrunner. Container shipping shows strength as well, with spot rates rising across major east-west trades after three months of post-peak declines. Carriers cite ongoing capacity exits as a primary factor supporting rate resilience heading into year-end negotiations.