UPS Raising Shipping Rates By 4.9 Percent

PHILADELPHIA (CBS) — You may not want to wait to ship your holiday packages this year, especially if you're shipping with UPS.

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The company is raising rates on ground and air shipments just in time for procrastinators.

UPS says a 4.9 percent rate hike goes into effect December 24th.

The shipping company says new rates will help pay for expansion and service improvements.

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