Blue Dart hikes shipment charges by a steep 10% from January

By: |
Updated: August 30, 2019 5:20:55 PM

Express courier major Blue Dart has announced a near 10 percent increase in shipment charges from next year.

These regulatory and mandatory costs include expenses related to compliance for the workforce with enhanced security regulations across the large number of locations, it added

Express courier major Blue Dart has announced a near 10 percent increase in shipment charges from next year. The steep hike, which comes even as policymakers have been claiming falling logistics cost following implementation of GST and better roads, had to be initiated due to a slew of pressures, including “regulatory costs”, the company said in a statement Friday.

Watch Video: How To File ITR-1 for AY 2019-20 in less than 15 minutes

These regulatory and mandatory costs include expenses related to compliance for the workforce with enhanced security regulations across the large number of locations, it added.

Other reasons for the hike, which comes amid a slide in exports as well as the broader slowdown, include inflation, currency movement and fuel cost volatility, the company said. Managing director Balfour Manuel said the measure will enhance its capabilities. Its head of business development Ketan Kulkarni said they have made strategic investment ahead of the curve to expand its reach and improve transit times.

The general increase is effective January 1, 2020 and the average shipment cost will go up by 9.8 percent from the 2019 levels, it said. Those signing up in September will continue to enjoy the benefits at the existing rates, till December 31, 2020, it said, adding generally, those who signing up between October and December will enjoy this benefit.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1L&T JV bags order for THDC India’s super thermal power project in UP
2Apple expected to unveil new iPhone at September 10 event
3Burger King Corp not to raise stake in India: CEO Rajeev Varman