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The Wall Street Journal: UPS says shipping rates will rise about 5%

Starting Sept. 19, it will cost 4.9% more on average to ship a package through United Parcel Service Inc.’s freight service.

A similar 4.9% increase will go into effect across UPS’s other services as of Dec. 26, the Atlanta-based company said Thursday.

UPS UPS, +0.26% said the higher rates, roughly in line with increases carried out in previous years, would help pay for system upgrades and expansion.

An expanded version of this report appears on WSJ.com.

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