UPS Announces 2007 Rates

New Pricing to Take Effect After 2006 Holiday Shipping Season

ATLANTA, Nov. 17, 2006 - UPS (NYSE: UPS) today announced new list rates for 2007, including an average 4.9 percent increase for ground shipments and a net average increase of 4.9 percent on all air express and U.S. origin International shipments.

The increase for air express and international shipments is based on a 6.9 percent increase in the base rate, less a 2 percent reduction in the current fuel surcharge. The new rates will be posted online at UPS.com on Dec. 1 to provide customers details about changes to specific products and zones and will take effect on Jan. 1, 2007, after the 2006 holiday shipping season.

UPS is the world’s largest package delivery company and a global leader in supply chain services, offering an extensive range of options for synchronizing the movement of goods, information and funds. Headquartered in Atlanta, Ga., UPS serves more than 200 countries and territories worldwide. UPS’s stock trades on the New York Stock Exchange (UPS) and the company can be found on the Web at UPS.com. To get UPS news direct, visit pressroom.ups.com/RSS.

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Steve Holmes

UPS

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