To give way to its infrastructure and technological breakthroughs, DHL Express, the world's leading international express service provider has announced that it will impose a 7.9 percent price adjustment beginning January next year.

"So far, 2022 has been another turbulent year with a volatile market environment challenging global trade. However, we have proven our ability to offer stable and reliable services to our customers globally," Nigel Lockett, country manager of DHL Express Philippines in a statement said.

He said that with the annual price adjustment, the company can invest in its infrastructure and technology to ensure resilient, sustainable, and world-class customer solutions.

Such investments, Lockett said, "Include state-of-the-art aircraft and vehicles, expanding our hubs and gateways to meet increasing customer demand, and green and more sustainable solutions, such as Sustainable Aviation Fuel and electric vehicles."

Annual adjustment

Further, the company disclosed that prices are adjusted on an annual basis, taking into consideration inflation and currency dynamics as well as administrative costs related to regulatory and security measures.

These measures are being regularly updated by national and international authorities in each of the more than 220 countries and territories that DHL Express serves.

Depending on local conditions, price adjustments will vary from country to country, and will apply to all customers where contracts allow, the company in a statement said.

In March 2022, DHL Express opened twelve new service points in Metro Manila, Bulacan, Cavite and Cagayan de Oro, bringing up the number to over 260 service points in the Philippines.

The newly opened retail locations aim to address the rising need for logistics services to help consumers and micro, small, and medium enterprises in these areas.

"Over the past two years, there has been a surge in demand for shipping in Metro Manila, Bulacan and even Mindanao.