Deutsche Post halts high-value shipments to U.S. due to customs delays

Investing.com -- Deutsche Post (OTC:DHLGY), also known as DHL Group, announced it will suspend high-value shipments to the United States starting Monday.

The decision comes as the company faces delays due to increased customs clearances.

The surge in formal customs clearances has resulted in multiday delays for goods valued more than $800, regardless of their origin.

This issue is linked to new U.S. Customs regulations that came into effect on April 5.

The new rules require goods valued over $800 to go through a more rigorous customs process. This is a significant decrease from the previous threshold of $2,500.

In response to these delays, DHL Group has decided to temporarily suspend business-to-consumer shipments to private individuals in the U.S. where the declared value exceeds $800.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.DHLn: is this perennial leader facing new challenges?

With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Sure, there are always opportunities in the stock market – but finding them feels more difficult now than a year ago. Unsure where to invest next? One of the best ways to discover new high-potential opportunities is to look at the top performing portfolios this year. ProPicks AI offers 6 model portfolios from Investing.com which identify the best stocks for investors to buy right now. For example, ProPicks AI found 9 overlooked stocks that jumped over 25% this year alone. The new stocks that made the monthly cut could yield enormous returns in the coming years. Is DHLn one of them?

Unlock ProPicks AI to find out