DHL Worldwide Express will implement a 4.5 percent fuel surcharge on all its products in response to the substantial increase in the cost of jet fuel worldwide. Tensions in the Middle East have spiraled airline and insurance costs driven by war risk and security costs, which in turn has necessitated this fuel surcharge.
The surcharge has already been introduced by other parties in the aviation industry and is based on an established formula derived from information published by the Energy Information Administration of the US Department of Energy.
DHL Worldwide Express offers express deliveries in addition to e-commerce fulfillment and intelligent logistics solutions. The DHL network links over 120,000 destinations in more than 220 countries and territories, and employs 71,000 people. DHL is majority owned by Deutsche Post World Net. Other shareholders include Japan Airlines. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
