DHL raises prices, blames high fuel costs
Giant cargo handling company DHL has implemented a global fuel surcharge to cover its entire global operations.
The company has fallen into pressure amounting from the global transportation costs and has moved in to adjusts its prices to cover the costs arising from the hike in fuel prices.
Effective from this month, DHL’s temporary surcharge will be adjusted to a moderate three per cent on all international export and import products express, said country manager Allastair Russel.
“This has a huge direct cost impact on our operations where the price of transportation fuels for aircraft and road vehicles continued to rise significantly and where commercial airlines levy a fuel surcharge for each kilo they carry for DHL,” he said.
The global price of oil continued to escalate dramatically throughout the month of August.
The global transportation industry is reeling under huge fuel increments, and players are indexing fuel surcharges and surcharge adjustments uniformly.
The upward movement in jet fuel prices has forced the industry to increase its prices.
Like all other players in the sector, DHL’s three per cent surcharge will be a distinct charge on all invoices, and will be applicable to the total net price per consignment.
Mr Russel said that the company will continue to monitor the global price movement of oil and will continue to index the fuel surcharge monthly to current cost trends, potentially withdrawing the surcharge if the prices fall back to a normal level.
