DHL raises prices for parcel deliveries, calling it unavoidable By Reuters

DHL raises prices for parcel deliveries, calling it unavoidable

Stock Markets Jun 13, 2022 05:10AM ET

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DHL raises prices for parcel deliveries, calling it unavoidable

BERLIN (Reuters) - Logistics giant DHL will charge private customers more for parcel deliveries from July 1 as labour and transport costs have made price increases unavoidable, said the company on Monday.

DHL, part of the Deutsche Post (OTC:DPSGY) DHL Group, will increase the price to ship a parcel abroad by between 1 euro and 3.50 euros, excluding those bound for the United States, which, depending on the parcel size, will nearly double in price.

"The company is only partially passing on to customers what are in some cases steep increases in airfares and the substantial rise in costs charged by delivery partners abroad to Deutsche Post DHL for delivering merchandise items," it said.

DHL added that even with the price increases, it would still remain below average parcel prices in Europe, based on a comparison published by the network regulator in November 2021.

($1 = 0.9546 euros)

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