Following in the footsteps of the “Big Two,” DHL Express recently announced its 2017 general rate increase (GRI) and it’s—yep, you guessed it—an average of 4.9% for U.S. account holders.
Earlier this fall, UPS and FedEx both announced 4.9% GRIs for next year. With a presence in more than 220 countries and territories worldwide, DHL Express does the global shipping heavy lifting. The company announced in July that it would start investing again in the U.S. market, after leaving it in 2008. DHL Express wants to serve growing U.S. demand for parcel shipments crossing the borders—a market expected to grow from $400 billion in total global value today to $1 trillion by 2020.
In light of the 2017 GRI, businesses that rely on DHL Express for its international presence can expect to pay more. Just how much more? Parcel shippers should review their contracts to understand what DHL Express will charge when the new rates go into effect on Jan. 2, 2017.
Annual price adjustments are typically made by DHL Express and other industry providers. The companies base changes on inflation rates, currency fluctuations and other rising costs, such as greater regulation and security measures.
Are you concerned how the GRIs from DHL Express or the Big Two may impact your company’s bottom-line? Let VeriShip analyze your parcel data and identify ways to minimize your shipping spend.