Delivery and freight companies have begun to raise the prices of their express delivery services due to rising labor and fuel costs.
Deppon Express announced recently on its website that it would raise its price for freight by land from October 27.
Another freight company named Hoau, a subsidiary of the world’s leading logistics company TNT in China, has said it would raise prices from November 1. The company said that besides fuel costs, the rise of the consumer price index (CPI) also contributes to the need for the adjustment.
Other large delivery companies in the country, including YTO and Yunda, have also announced price increases, especially for express delivery.
English People’s Daily Online reported both companies as saying operational costs were steadily rising.
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