DHL Express, the international air delivery service of DHL, will impose a 5.9% general rate increase on its U.S.-originating shipments in 2024.
The rate increase, announced Friday, takes effect Jan. 1. The increase is 200 basis points below the 7.9% increase that DHL Express imposed on shipments tendered during 2023.
The 2024 increase matches the 5.9% rate increases imposed by UPS Inc. (NYSE: UPS) and FedEx Corp. (NYSE: FDX).
The increases by the carriers apply to customers not tendering parcels through contractual relationships. The general rate increases are seen as a rough barometer of what shippers could expect to pay. Rates that shippers actually pay will vary depending on shipment weight and distance. They also don’t include delivery surcharges that are tacked on to the cost of many shipments.
DHL Express serves the U.S. market only through international flights. It does not operate wholly within the U.S. market.
(An earlier version erroneously reported that the 2024 increase was above DHL Express’ 2023 increase).
F3: Future of Freight Festival
NOVEMBER 7-9, 2023 • CHATTANOOGA, TN • IN-PERSON EVENT
The second annual F3: Future of Freight Festival will be held in Chattanooga, “The Scenic City,” this November. F3 combines innovation and entertainment — featuring live demos, industry experts discussing freight market trends for 2024, afternoon networking events, and Grammy Award-winning musicians performing in the evenings amidst the cool Appalachian fall weather.