Deutsche Post Requests Approval for Postage Rate Increases
June 03 2019 - 8:41AM
Dow Jones News
By Patrick Costello
Deutsche Post AG (DPW.XE) said Monday that it has requested
approval to introduce new prices for postage rates and other
services as of next month.
The German postal company said it filed an application with the
Federal Network Agency, Germany's national utilities regulator, to
increase the price of standard domestic letters of up to 20 grams
to 80 European cents (89 U.S. cents), up from EUR0.70 currently,
following three years of price stability.
Other changes Deutsche Post has requested include raising the
price of compact letters to EUR0.95 and of large letters to
EUR1.55, it said. The price of postcards would increase for the
first time in 15 years to EUR0.60 from EUR0.45.
Deutsche Post said it expects the Federal Network Agency to
approve the changes in June. The new prices would come into effect
on July 1, 2019, and apply until December 31, 2021.
Certain additional and cross-border mail services such as
standard international letters and express services would also see
price increases, the company said.
Write to Patrick Costello at patrick.costello@dowjones.com.
(END) Dow Jones Newswires
June 03, 2019 08:26 ET (12:26 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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