By  on September 12, 2016

Earlier this month, UPS said it is raising its freight rates on Sept. 19 by about 4.9 percent, and its ground service rates also by 4.9 percent beginning Dec. 26 — which is expected to impact overall shipping costs for retailers across the market. The jump also comes at a time when retailers are shifting their business models to emphasize an omnichannel approach.

For its part, UPS said in a statement about the hike that it “continues to make investments in the speed, scope and coverage of our transportation network. Rate increases will support ongoing expansion and capabilities enhancements, while UPS strives to maintain the high service levels customers expect.”

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