DHL Announces Rate Changes for 2005; Net Effective Rate Adjustment of 2.9 % for Express Services; DHL Rates to Remain Most Competitive in the Industry.PLANTATION Plantation, city (1990 pop. 66,692), Broward co., SE Fla., a residential suburb of Fort Lauderdale; inc. 1953. The city has grown rapidly along with the development of S Florida. , Fla. -- DHL DHL abbr. 1. Doctor of Hebrew Letters 2. Doctor of Hebrew Literature Express (USA), Inc., today announced new express and ground delivery rates and fee adjustments effective January 16, 2005. In keeping with price adjustments applied throughout the express and parcel shipping industry, rates for DHL Domestic Air Express and International Express will increase an average of 3.4%. DHL Ground Service rates will increase an average of 2.9%. Rates for DHL@Home, the company's expedited business-to-residence shipping service, will increase an average of 3.7%. Concurrent to the 2005 rate changes, DHL will reduce its indexed fuel surcharge An overcharge or additional cost. A surcharge is an added liability imposed on something that is already due, such as a tax on tax. It also refers to the penalty a court can impose on a fiduciary for breaching a duty. for Domestic Air Express and International Express by 0.5%, resulting in a net effective price adjustment of 2.9% for 2005 Express services. This adjustment will become effective January 30. Air express fuel surcharges are indexed by the industry to the U.S. Department of Energy average price for a gallon gallon: see English units of measurement. of kerosene-type jet fuel. An indexed fuel surcharge for DHL Ground and DHL@Home shipments will be introduced on January 2, 2005. This fuel surcharge, initially set at 2%, will be indexed to the National U.S. Average On Highway Diesel Fuel Price as reported by the U.S. Department of Energy. With these adjustments, DHL express and ground delivery service rates will remain the most competitive available in the industry. Other changes include a $0.25 increase in the surcharge for Residential Delivery and Delivery Area Service. There will be no changes to applied Shipment Value Protection rates, but Shipment Value Protection for Domestic Ground will now receive a minimum charge of $1.20. Packages without Shipment Value Protection will continue to be automatically provided coverage of up to $100 against potential loss or damage without charge. Additional details and effective dates of 2005 fee and rate changes will be available at www.dhl-usa.com as of January 3, 2005. "With the Airborne integration virtually complete, an expanded U.S. domestic network, and broader international reach, DHL continues to offer the best value in the express and ground parcel delivery industry," said Richard Corrado, executive vice president for pricing and business development, DHL Americas. "As we continue to expand our service offerings, DHL is providing the choice and greater competition that American business and consumers deserve." Earlier this year, DHL announced a $1.2 Billion investment in its U.S. domestic network, and has already completed the build out of seven new Regional Sort Centers throughout the country, increasing DHL's ground delivery product capacity by 60%, enhancing network connectivity and improving service levels. Each of the new Sort Centers now offers greater connectivity within DHL's pickup Pickup A gain in yield made by selling one bond and buying another. Also referred to as "yield pickup." Notes: When the present yield is relatively low compared to the longer-term yields, pickups will be done by investors trying to increase the yield and duration of their and delivery network, and supports the company's comprehensive ground and air services. The company has also expanded the footprint The amount of geographic space covered by an object. A computer footprint is the desk or floor surface it occupies. A satellite's footprint is the earth area covered by its downlink. See form factor. 1. for 1-day ground delivery services throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Beyond 2005, DHL plans to add five more regional sort facilities and to synchronize See synchronization. all 24 facilities with networks in Canada and Mexico to provide one fully integrated North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. network. DHL has also recently announced an investment program in an enhanced U.S. drop box network, expected to bring the total number of DHL drop box locations in the U.S. to more than 32,000 by year-end 2005, providing U.S. consumers and businesses nationwide with greater flexibility and choice for their shipping needs, and making it easier and more convenient than ever for U.S. consumers and businesses to 'DHL' their packages across the country and to more than 220 countries and territories worldwide. The company expects to announce additional new services in early 2005 as it continues to expand its U.S. domestic market presence and product offering. About DHL With annual revenues over $25 billion in 2003, DHL is the global market leader of the international express and logistics industry, specializing in providing innovative and customized solutions from a single source. DHL offers expertise in express, air and ocean freight, overland o·ver·land adj. Accomplished, traversing, or passing over the land instead of the ocean: an overland journey; an overland route. adv. transport and logistics solutions, combined with worldwide coverage and an in-depth understanding of local markets. DHL's international network links more than 220 countries and territories worldwide. Over 160,000 employees are dedicated to providing fast and reliable services that exceed customers' expectations. Founded in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden in 1969, DHL is 100% owned by Deutsche Post Deutsche Post AG (ISIN: DE0005552004, LSE: DPO) is a German post, logistics and courier headquartered in Bonn, previously the German state-owned mail monopoly. It has 520,000 employees in more than 220 countries and territories worldwide and generated revenue of € 60. World Net. For more information about DHL, please visit www.dhl.com. |
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