Japan Post to hike parcel-delivery rates in 2018
Rates will increase about 100 to 200 yen (91 cents to $1.82), or an average of about 10%, depending on parcel size, the Nikkei learned.
The move comes in response to the shortage of drivers and the resultant rising labor costs. The hike made Japan Post the last of the country's three major shippers to increase rates for non-corporate clients.
Two other companies, Yamato Transport and Sagawa Express, will increase basic shipping fees this autumn at the earliest.
The increase will help improve working conditions for the company's drivers. It will be the first time in two-and-a-half years that Japan Post has raised parcel-delivery rates, the last being in August 2015.
Although it has already hit large-volume clients with higher fees, rising shipping costs are still squeezing earnings, hence the increase.
Japan Post handled 632 million Yu-Pack parcels in fiscal 2016, up 9% on the year. ■