SHANGHAI, Oct. 11, 2017 /PRNewswire/ -- ZTO Express
(Cayman) Inc. (NYSE: ZTO) ("ZTO" or the "Company"), a leading
express delivery company in China,
today announced that it is implementing certain increases in the
prices of its delivery services, effective October 10, 2017.
Specifically, the Company will increase the last mile delivery
fees payable by the parcel pick-up outlets to the delivery outlets,
and the network transit fees payable by its network partners to the
Company for its services. The expected increase in fees varies by
parcel weight and geographic location.
Mr. Meisong Lai, Chairman and
Chief Executive Officer of ZTO, commented "This year, the express
delivery industry in China
continues to see transportation, labor and raw material costs
increase. To enhance service quality, protect the interests of our
customers, and offset rising costs and increased fees, ZTO network
partners are expected to increase their delivery service prices. I
am confident that this increase in price will aid in further
improving the stability of our network and enhance service quality
while helping to create a healthier and more sustainable market
environment."
About ZTO Express (Cayman) Inc.
ZTO Express (Cayman) Inc. (NYSE: ZTO) ("ZTO" or the "Company")
is a leading express delivery company in China and one of the largest express delivery
companies globally, in terms of total parcel volume in 2015,
according to the iResearch Report. ZTO provides express delivery
service as well as other value-added logistics services through its
extensive and reliable nationwide network coverage in China.
ZTO operates a highly scalable network partner model, which the
Company believes is best suited to support the significant growth
of e-commerce in China. The
Company leverages its network partners to provide pickup and
last-mile delivery services, while controlling the mission-critical
line-haul transportation and sorting network within the express
delivery service value chain.
For more information, please visit
http://zto.investorroom.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "confidence" and similar statements. ZTO
may also make written or oral forward-looking statements in its
reports filed or furnished to the U.S. Securities and Exchange
Commission, in its annual reports to shareholders, in press
releases and other written materials and in oral statements made by
its officers, directors or employees to third parties. Statements
that are not historical facts, including statements about ZTO's
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement. Further information regarding these and other risks is
included in our annual report on Form 20-F and other documents
filed with the Securities and Exchange Commission. All information
provided in this press release is as of the date of this press
release, and ZTO undertakes no duty to update such information,
except as required under applicable law.
For investor and media inquiries, please contact:
ZTO
Ms. Sophie Li
Investor Relations Department
E-mail: ir@zto.com
Christensen
In China
Mr. Christian Arnell
Phone: +86-10- 5900-1548
E-mail: carnell@christensenir.com
In US
Mr. Tip Fleming
Phone: +1-917-412-3333
Email: tfleming@Christensenir.com
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SOURCE ZTO Express (Cayman) Inc.