ZTO Express, the Chinese delivery giant, took the lead in raising delivery prices for the Nov. 11 shopping festival known as “Double 11.”
Starting Nov. 11, ZTO will adjust delivery charges to maintain service quality and ensure delivery-service stability, the company said. The specific range of increases will be implemented by local service outlets with guidance from headquarters, according to a statement.
November is the busiest season for China’s logistics companies. Delivery service revenue surges in the month every year, reflecting e-commerce giant Alibaba’s annual “Double 11” online sales event.
According to the State Post Bureau, one-day handling of parcels hit 416 million pieces Nov. 11, 2018, up 25.68% from the same day of 2017 and 3.2 times the normal daily volume.
ZTO, one of the largest delivery service providers, collected more than 87.64 million parcels Nov. 11, 2018, or more than 21% of the country’s total volume, the company said in its 2018 “Double 11” report.