United Parcel Service (NYSE:UPS) is looking for volume growth in 2010, and will hike shipping rates in 2010 as well, according to a Reuters report.

CEO Scott Davis told Reuters that he thinks the company will see “positive volumes next year, as the economy improves.”

Earlier in the day, Davis had told a gathering of business leaders in Singapore, that he believes the recovery is real and sustainable, but vulnerable.

Rival FedEx has already hiked rates for next year, and UPS said it will announce the amount of its hike later this month.

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