DHL Express said Friday it will increase rates in the Philippines by 4.9 percent starting January next year because of rising costs.
“Our annual price increase enables us to continue investing in our international time definite network and to maintain our leading service quality,” said DHL chief executive Ken Allen.
Allen said the company’s major investment announcements in 2015 included new hubs in Brussels, Belgium, and Singapore and an expanded center in Cincinnati, US.
“We are also continuing to invest in the Middle East and Africa, where we have unrivaled networks, and to add freighter aircraft, particularly to strengthen our intercontinental connections,” Allen added.
DHL Express adjusts its prices annually, taking into account inflation and other rising costs, such as additional expenses related to compliance with enhanced security regulations, in each of the more than 220 countries and territories that it serves.
Price adjustments will vary from country to country, depending on local conditions, and will apply to all customers where contracts allow.