International logistics and shipping firm DHL Express announced upcoming price adjustments for its services in the Philippines, set to take effect next year.
In a statement on Friday, Sept. 27, Nigel Lockett, DHL Express Philippines country manager, said the average price increase will be 5.9 percent, effective Jan. 1, 2025.
Next year's adjustment is higher than the 4.9 percent hike implemented on Jan. 1, 2024.
Lockett said that this adjustment is necessary to sustain DHL Express’ commitment to provide reliable and efficient services in light of ongoing global challenges.
“We are committed to delivering stable and dependable services globally despite the ongoing impact of geopolitical dynamics and supply chain disruptions on the logistics landscape,” Lockett said.
“With the annual price adjustment, we can continue to invest in our network to enhance its resilience and adaptability, ensuring consistent support for our customers’ businesses regardless of external circumstances,” he added.
DHL Express adjusts its prices on an annual basis to factor in inflation, currency fluctuations, and administrative costs associated with regulatory and security measures.
National and international authorities routinely update these regulations across the more than 220 countries and territories served by DHL Express.
“Depending on local conditions, price adjustments will vary from country to country,” DHL Express said.
