ATLANTA, Nov. 17, 2006 - UPS (NYSE: UPS) today announced new list rates for 2007, including an average 4.9% increase for ground shipments and a net average increase of 4.9% 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 two percent reduction in the current fuel surcharge. The new rates will be posted online at www.UPS.com on December 1 to provide customers details about changes to specific products and zones and will take effect on January 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 www.UPS.com. To get UPS news direct, visit www.pressroom.ups.com/RSS.