Friday, January 11, 2008

Inflation or Deflation

Today at least inflation is winning, big time (unless your talking about stock prices). After the agriculture news this just released which mirrors FedEx move a couple of weeks ago. Basically anything that is shipped not under contract by UPS just got 5.4% more expensive to ship starting Feb 5th. That covers alot of items.

http://www.marketwatch.com/news/story/ups-freight-raise-rates-average/story.aspx?guid=%7B55139AEC%2D3D8D%2D4EFA%2D8A00%2D6F1B21FCE58F%7D&dist=hplatest

United Parcel Service Inc.'s Freight unit will raise its rate for non-contractual shipments in the U.S. and Canada by an average of 5.4%, effective Feb. 4. The Atlanta package shipping company aid the rate hike applies to minimum charge, less-than-truckload and truckload rates.

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