Deutsche Post's DHL Revokes Parcel Price Increase for Private Customers
February 05 2020 - 07:10AM
Dow Jones News
By Kim Richters
Deutsche Post AG (DPW.XE) said Wednesday that it is revoking the
previously implemented price increase for sending private parcels
via its mailing service DHL.
The German logistics company said it was canceling the price
increase as of May 1 to "avoid a lengthy legal dispute" with German
regulator Federal Network Agency, which believes the price increase
to be excessive. The company said it didn't share the regulator's
opinion.
Deutsche Post had increased prices for sending certain parcels,
such as parcels of up two kilograms, by an average of 3% for
private customers, in January.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
February 05, 2020 06:55 ET (11:55 GMT)
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