CCTV News:On the evening of October 10th, ZTO Express official WeChat published a Letter to Customers, which clearly indicated that ZTO Express Group decided to raise the express delivery price from now on due to the increase of transportation cost, labor cost and raw material price.
Zhongtong and Yunda successively announced price increases.
At present, Zhongtong has not announced the price increase in official website. The reporter asked ZTO Express by making an appointment for express delivery, and found that the price of an ordinary document from Nanchang, Jiangxi Province to Shanghai was raised from 10 yuan to 13 yuan, and the express delivery fee from Nanchang to Beijing was raised from 15 yuan to 18 yuan. In addition, the express fee from Nanchang to most parts of the country has also increased 3 yuan money.
Today, Yunda Express also released the "Customer Notice" announcing the price increase in official website, saying that due to the rising labor, materials and operating costs, the express price will be adjusted from now on.
Considering the close relationship between the "Tongda Department" express delivery companies, some analysts believe that the possibility of several other private express delivery companies to follow up the price increase is not ruled out.
Why the price increase? Rising labor costs and raw materials
In the price increase announcements of the two courier companies, it is mentioned that the price increase is affected by the "labor cost increase". In fact, as early as June 1 this year, Yuantong, Shentong, Zhongtong, Yunda, Best Express and Tiantian Express collectively raised the express delivery fee by 0.15 yuan/ticket on the original basis. Receiving and dispatching are the main income sources of express delivery outlets, and the increase of dispatching fees means the increase of labor costs.
For the collective dispatch fees of several express delivery companies, Xu Jianguo, vice president of Tiantian Express Network, once said that "this is an initiative that can stabilize the end staff and ensure customer needs."
At the beginning of the year, the media reported that many couriers switched to delivery in order to increase their income, which caused the loss of personnel in the express delivery industry. The popular saying that "couriers earn tens of thousands of dollars a month" has also been falsified by data: On April 28th this year, the "Survey Results of E-commerce Logistics and Express Employees in China in 2017" released by China Federation of Logistics and Purchasing showed that 74.6% of e-commerce logistics and express employees earned an average monthly income of 3,001-5,000 yuan, and 14.94% earned 5,001-6,000 yuan.
In addition to the increase in labor costs, the "rising price of raw materials" mentioned by Zhongtong and Yunda in the announcement actually refers to the rising price of cartons. Affected by rising prices of raw and auxiliary materials and decreasing supply, the price of packaging paper such as corrugated paper has more than doubled year-on-year, so the price of a carton has increased by 0.2 to 0.5 yuan.
After the announcement of the price increase, the share price of the courier company rose.
After the price increase was announced last night, the share price of ZTO Express listed in the US stock market rose by 5.6%, and its market value increased by 545 million US dollars a day (about 3.587 billion yuan). On the morning of October 11th, the share prices of four express delivery companies listed on the A-share market all rose, among which the share price of Yunda, which has publicly announced the price increase, rose the most. The total market value of five listed express delivery companies increased by 11.955 billion yuan.
Source: CCTV Finance, The Paper