UPS 2010 Rate Changes Include Higher Declared Value Fees

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UPS has announced their 2010 rate changes today, effective January 4th, 2010.

Small package Daily and Retail rates will change as follows:

• UPS Ground service will increase 4.9%.
• UPS Air and International Services will increase a net 4.9% through a combination of a 6.9% increase in the base rate and a 2% reduction in the Air and International Services fuel surcharge.

Also of interest to us are the following:

• The Daily Rate charge for Declared Value will increase $0.05 per $100 of Declared Value with a minimum charge of $2.10.
• The charges for Delivery Confirmation*, Delivery Confirmation – Signature Required and Delivery Confirmation – Adult Signature Required will increase $0.25.

Their new declared value fees are going up another $0.05, mirroring FedEx.

Declared Value:
– $0.00-$100.00: $0.00
– $100.01-$50,000.00:  $0.70 for each $100.00 (or portion of $100.00) of the total value declared, with a minimum charge of $2.10.

Is there any reason not to insure with Shipsurance?

More details are available here: http://www.ups.com/rates/