UPS has released its 2010 list rates, including an average increase of 4.9% for ground packages and an average net increase of 4.9% on all air express and U.S. origin international shipments. The rate increase for air express and international shipments is based on a 6.9% increase in the base rate, less a 2% reduction in the air and international fuel surcharge index. The new rates take effect on Jan. 4, 2010. Also effective January 4, fuel surcharge tables for air express and ground services will be adjusted. The changes will better align air and ground fuel surcharges and will substantially reduce the volatility of air surcharges when fuel prices fluctuate. :theflyonthewall.com
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The UPS Board of Directors increased the regular quarterly dividend by 9.6% to 57c per share from 52c on all outstanding Class A and Class B shares. The dividend is payable March 7 to shareholders of record on Feb. 21. :theflyonthewall.com
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