Blue Dart to hike rates once again

July 23rd, 2008 - 8:32 pm ICT by IANS  

Kolkata, July 23 (IANS) Courier and integrated express package distribution company Blue Dart Express Ltd will hike rates of its air and ground services in August or September, a top company official said here Wednesday. This is the second hike in rates that Blue Dart is effecting in three months.

“We will increase rates by 10-15 percent this fiscal as manpower costs, property prices and rentals have gone up,” Blue Dart managing director Anil Khanna told reporters.

These factors are impacting the entire logistics industry, he said.

Last month, Blue Dart increased rates of air services by 15-20 percent and rates of ground services by 10-15 percent.

The company also plans to invest Rs.2 billion on acquiring or building more warehouses, collection hubs, and developing airport infrastructure this fiscal, Khanna said.

It will add 58 warehouses over the next two-three years, he said.

Blue Dart, which has launched an India-Bangladesh route, is planning to expand operations to Pakistan and Sri Lanka.

It has three Boeing-737 and three Boeing-757 freighters operating in seven cities in the country.

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