In case you did not already know and for what it's worth ... UPS to raise air, ground rates 9:53 AM EDT October 18, 2008 United Parcel Service Inc. says it will raise its ground shipping rates by 5.9 percent and its air rates by 4.9 percent next year. UPS, based in Atlanta, will lower its aviation fuel surcharge by two percent in 2009, thereby mitigating its official air rate increase of 6.9 percent, The Wall Street Journal reported Saturday. The move mirrors an announcement last month from Fedex Corp. that it, too, was raising its air rates by 6.9 percent less a 2 percent fuel surcharge cut. UPS raised its rates by 4.9 percent for this year. The delivery company is also being hit with falling demand as consumers cut back on spending for shipped items.