Through strong growth for parcels and logistics services, New Zealand Post was almost able to offset mail revenue decline in 2017, with total revenue falling 1.5% in the year.
Parcels and express accounted for more than half of the operator’s total revenue for the first time in 2017, with positive segment performance driven by New Zealand Post’s strong position in the domestic e-commerce delivery market. The operator expects parcels to continue to be the main revenue growth driver in the coming years, while mail volumes are expected to continue falling sharply. For more details, download the IPC Carrier Intelligence Report for New Zealand Post.
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