When's the last time you got a 5% raise?
Story here:
UPS says it is raising rates for a number of its shipping services by an average of 4.9 percent for 2015. The Atlanta-based company said Monday it is increasing rates for its ground, air, international, UPS Freight, and UPS air freight rates within and between the U.S., Canada and Puerto Rico. The increase goes into effect on Dec. 29.
Similarly-sized rate increases occurred in both 2011 and 2012, reported here:
According to company officials, non-contractual 2012 rates will be comprised of a net increase of 4.9 percent for UPS ground packages and a net increase of 4.9 percent on all UPS air services and U.S. origin international shipments. This increase is identical to the one the transportation bellwether rolled out a year ago for 2011 rate hikes.
Uh huh.
The all-items CPI rose by 1.4% in 2010, 3.02% in 2011, 1.76% in 2012 and just 1.5% in 2013, despite all the federal interventions to target inflation at 2.0%. The average rise was 1.9%.
Average hourly earnings nationwide, meanwhile, over the exact same periods increased by 1.7% in 2010, 1.98% in 2011, 2.11% in 2012 and 1.94% in 2013. The average rise was also 1.9%.
