Domestic parcels and express volumes grew 5.9% in the year, supporting a 6.4% increase in total parcels revenue.
Meanwhile, despite a rapid decline in addressed and unaddressed mail volumes, the post reported a slight increase in mail service revenue for 2018. Despite revenue growth, higher delivery costs and one-off staff costs resulted in a drop in operating profitability for the year. For more details download the latest IPC Carrier Intelligence Report for New Zealand Post.
If your company has not yet subscribed to IPC’s Carrier Intelligence Reports, please visit this page or email us at market.intelligence@ipc.be.