UPS To Raise Cap on Air Fuel Surcharge

I was looking at the UPS site and found the following little tidbit of news written in mini text...:
http://ups.com/pressroom/us/press_re...8,4597,00.html


From UPS' Website:



<table border="0" cellpadding="0" cellspacing="0" width="418"> <tbody><tr><td valign="top">UPS To Raise Cap on Air Fuel Surcharge </td> </tr> <tr> <td></td> </tr> </tbody> </table> <!-- End Table: Page Header No Icon --><!-- Begin Table: Formatting --><!-- Begin: Left Column (Formatting Table) --> <!--- Begin Table: Module Header(1)(Parent:Formatting Table) --> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody><tr> <td>Press Release

</td> </tr> </tbody> </table> <!--- End Table: Module Header(1)(Parent:Formatting Table) --> No Change in Calculation of UPS Ground Surcharge

ATLANTA, Sept. 2, 2005 – UPS (NYSE: UPS) today announced plans to raise its cap to 12.5% on the fuel surcharge applied to UPS Next Day Air®, UPS 2nd Day Air® and UPS 3 Day Select® and U.S. international air services beginning Oct. 3. The surcharge continues to be calculated from an index based on the average price for a gallon of kerosene-type jet fuel and remains the lowest among major air express carriers, even with the new cap.

A fuel surcharge on UPS Ground services is unaffected and continues to fluctuate monthly based on the U.S. Energy Department's On-Highway Diesel price. It will stand at 3% in September.

UPS introduced a 9.5% cap on the fuel surcharge for its premium Air services in January of this year after prices began advancing rapidly toward the end of 2004. Since that time, jet fuel prices have increased more than 60%.

"We have done a good job of leveraging our integrated network to obtain fuel savings, and that's what enables us even now to keep our air surcharge cap below our major competitors," said Kurt Kuehn, UPS senior vice president of worldwide sales and marketing.

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.

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Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements, including statements regarding the intent, belief or current expectations of UPS and its management regarding the company's strategic directions, prospects and future results, involve certain risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward-looking statements, including economic and other conditions in the markets in which we operate, governmental regulations, our competitive environment, strikes, work stoppages and slowdowns, increases in aviation and motor fuel prices, cyclical and seasonal fluctuations in our operating results, and other risks discussed in the company's Form 10-K and other filings with the Securities and Exchange Commission, which discussions are incorporated herein by reference.


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For More Information Contact:

Susan Rosenberg
404-828-6130