DHL Worldwide Express Adopts Indexed Fuel Surcharge, Lowering Current Surcharge to Half a Percent.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--Jan. 28, 2002 DHL DHL abbr. 1. Doctor of Hebrew Letters 2. Doctor of Hebrew Literature Worldwide Express, the global market leader of the international air express industry, today announced it will implement an 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. in the U.S. for domestic and outbound out·bound adj. Outward bound; headed away: outbound trains. Adj. 1. outbound - that is going out or leaving; "the departing train"; "an outward journey"; "outward-bound ships" international deliveries. This will lower its current three percent fuel surcharge to half of one percent (0.5%) beginning February 3, 2002. The surcharge will be linked to the monthly rounded average of the U.S. Gulf Coast (USGC USGC US Gulf Coast USGC United States Global Change USGC United States Grain Corporation USGC United States Government Classified USGC United States Gymnastics Championships USGC United States Gypsum Corporation USGC US Government Consulting, Inc ) spot price for a gallon gallon: see English units of measurement. of kerosene-type jet fuel as published monthly by the U.S. Department of Energy. Changes to DHL's surcharge will be effective the first Sunday of each month and will reflect average pricing for the month that is two months prior to the adjustment. For example, the surcharge effective on February 3 will be based on the USGC rounded average for December prices. A fuel surcharge table and link to the U.S. Department of Energy's published USGC rate is featured on the DHL website at www.dhl-usa.com. The fuel surcharge applies to all DHL services except WorldMail(SM), Same Day(SM), and WorldFreight(SM). "In this environment of rapidly changing fuel prices, the transportation industry is embracing an indexed-based surcharge model," said Jeffrey Corbett, Senior Vice President Sales and Marketing, DHL Worldwide Express. "DHL will adopt this methodology as a means of more closely linking a surcharge to market prices. This will support DHL and its customers in quickly responding to fuel price fluctuations." About DHL Worldwide Express DHL Worldwide Express is the global market leader of the international air express industry. An established innovator since pioneering the industry in 1969, DHL continues to be at the forefront of technology, offering fast, responsive, and cost-effective, express deliveries in addition to e-commerce fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. and intelligent logistics solutions. The DHL network links 120,000 destinations in over 220 countries and employs 69,000 people. DHL is a privately owned company. Major shareholders are 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, Lufthansa, and Japan Airlines. |
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