DHL Express to raise rates next year

Posted at 09/27/2012 6:00 PM | Updated as of 09/27/2012 6:00 PM

MANILA, Philippines - DHL Express is raising prices in the Philippines by 4.9% starting January 1, 2013.

In a statement, DHL Express said the annual price increase includes the impact of inflation on input costs in the industry, additional costs for regulations and security requirements.

"The price increase that DHL Express is putting in place globally for 2013 is aimed at offsetting rising costs, including external costs that are out of our direct control and cannot be compensated through productivity improvements or economies of scale," said Ken Allen, chief executive officer of DHL Express, in a statement.

DHL said a recent ATKearney study showed volumes of parcels have increased in recent years but revenue per shipment have not returned to 2008 levels. 

"Our rates will augur improvements necessary to invest and improve our global network, thus allowing us to continue providing excellent service to our customers. This further strengthens our role as a trusted logistics partner in ensuring success for their business overseas," said Nurhayati Abdullah, DHL Express Philippines country manager.