ZTO and Yunda hike delivery costs

Two major players in the Chinese express delivery segment, ZTO Express and Yunda Express, have raised their shipping rates ahead of the 11 November online shopping festival.

ZTO have announced that they are raising the cost of last-mile deliveries that are payable by the parcel pick-up outlets to the delivery outlets. They are also raising the network transit fees that are payable by the network partners to the company for its services. The cost increases vary by parcel weight and the physical geographic location.

In a statement, Meisong Lai , Chairman and Chief Executive Officer of ZTO, commented “This year, the express delivery industry in China continues to see transportation, labor and raw material costs increase. To enhance service quality, protect the interests of our customers, and offset rising costs and increased fees, ZTO network partners are expected to increase their delivery service prices. I am confident that this increase in price will aid in further improving the stability of our network and enhance service quality while helping to create a healthier and more sustainable market environment.”

 
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