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The Latest UPS Headlines
NY Attorney General Scrutinizes UPS Rate Hike
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<blockquote data-quote="cheryl" data-source="post: 5195230" data-attributes="member: 1"><p><a href="https://www.ecommercebytes.com/C/blog/blog.pl?/pl/2022/3/1646492345.html" target="_blank"><strong>NY Attorney General Scrutinizes UPS Rate Hike - EcommerceBytes</strong></a></p><p></p><p>UPS posted its best year ever in 2021 and announced substantial price hikes in 2022, according to the New York Attorney General's office. It is not unusual for regulators to go after manufacturers and retailers, but the <a href="https://www.ecommercebytes.com/2022/03/04/new-york-ag-eyes-price-gouging-and-pandemic-profiteering/" target="_blank">NY AG is including shipping firms</a> as part of her investigation into possible "price gouging and pandemic profiteering" announced on Friday.</p><p></p><p>Online sellers may be wary of investigations into price gouging after some were targeted for raising prices of essential goods in the early days of the pandemic. They may feel they should be able to price their products as they see fit, even for items like face masks and hand sanitizer during a global health crisis.</p><p></p><p>On the other hand, sellers may welcome scrutiny of shipping carriers' pricing practices. UPS and FedEx have been accused of raising rates in lockstep for many years. Both instituted fuel surcharges, and both generally hike rates by about 5% each January.</p></blockquote><p></p>
[QUOTE="cheryl, post: 5195230, member: 1"] [URL='https://www.ecommercebytes.com/C/blog/blog.pl?/pl/2022/3/1646492345.html'][B]NY Attorney General Scrutinizes UPS Rate Hike - EcommerceBytes[/B][/URL] UPS posted its best year ever in 2021 and announced substantial price hikes in 2022, according to the New York Attorney General's office. It is not unusual for regulators to go after manufacturers and retailers, but the [URL='https://www.ecommercebytes.com/2022/03/04/new-york-ag-eyes-price-gouging-and-pandemic-profiteering/']NY AG is including shipping firms[/URL] as part of her investigation into possible "price gouging and pandemic profiteering" announced on Friday. Online sellers may be wary of investigations into price gouging after some were targeted for raising prices of essential goods in the early days of the pandemic. They may feel they should be able to price their products as they see fit, even for items like face masks and hand sanitizer during a global health crisis. On the other hand, sellers may welcome scrutiny of shipping carriers' pricing practices. UPS and FedEx have been accused of raising rates in lockstep for many years. Both instituted fuel surcharges, and both generally hike rates by about 5% each January. [/QUOTE]
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