UPS Faces U.S. Lawsuit Over Insurance Fees

Reuters is reporting United Parcel Service Inc. (UPS) is facing a new class-action lawsuit claiming that the package delivery group overcharges its customers for insurance on shipments, court documents showed on Thursday.

The latest suit, filed in U.S. District Court in Philadelphia, alleges that Atlanta-based UPS is a monopoly that violated U.S. antitrust laws while engaging in unlawful trade practices to set inflated insurance charges for packages valued at more than $100.

The two plaintiffs are UPS customers Francis Farina and pharmacist Steven Mersky, both of Devon, Pa., who claim to have paid nearly “three times the competitive rate” for insurance on UPS shipments.