KUALA LUMPUR: DHL Express will start charging an average of 4.9 per cent more for its services from January 1, 2024.
In a statement released today, DHL said prices are adjusted on an annual basis by DHL Express, taking into consideration inflation and currency dynamics as well as administrative costs related to regulatory and security measures.
National and international authorities regularly update these measures in the more than 220 countries and territories that DHL Express serves.
Depending on local conditions, price adjustments will vary from country to country.
According to Mordor Intelligence, the Malaysian courier, express, and parcel market size is about US$1.32 billion in 2023, and DHL is one of the major players in the market.
"Overall, the global macroeconomic situation has started to stabilise although uncertainty remains.
Through these turbulent times, we deliver stable and reliable services to all our customers globally," DHL Express Malaysia and Brunei managing director Julian Neo said.
"With the annual price adjustment, we can continue to invest in improved solutions, increase flexibility across our network and focus on our responsibility to the environment to deliver resilient and sustainable logistic solutions."
