Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


NZ Post wants guaranteed deliveries just three days a week

NZ Post seeks guaranteed deliveries just three days a week

Jan. 29 (BusinessDesk) –New Zealand Post wants to drop its guaranteed mail deliveries from six days a week to three to deal with failing mail volumes and the unprofitability of the postal service.

In addition, some of the 880 outlets New Zealand Post is required to keep open may in future just be kiosks.

A public consultation is under way on changes to New Zealand Post’s universal service obligation before the government decides whether or not to approve them.

“This does not mean we are about to immediately reduce to three-day delivery for the standard letter service,” NZ Post said.

“It is a guaranteed minimum frequency, which we could if necessary move to in years to come as and when volumes decline. We do not need to adjust delivery frequency now, but we are seeking the flexibility to be able to do so in the future when we have to.”

The rationale for fewer deliveries is that there is less mail to deliver as people use email and other digital technologies to communicate.

"During the last 10 years mail volumes have dropped considerably, with 265 million fewer items being posted each year compared to 2002,” Communications and Information Technology Minister Amy Adams said.

”Within five years, mail volumes are forecast to be nearly half what they were in 2002," Adams said.

Adams said any change to the obligation would require government approval.

“In deciding whether to accept or reject the proposal or seek to negotiate a compromise, I will look to balance the interests of postal users with the need to ensure a financially-viable postal service.”

NZ Post's core postal service made a loss of $11.17 million in the last financial year.

In 2012, New Zealand Post, which is a state-owned enterprise, made a request to change the deed of understanding it signed with the Crown in 1998.

The current deed has a minimum six days per week delivery to 95 percent of addresses, five days per week delivery to 99.88 percent of addresses and one to four days per week delivery to other 0.12 percent of addresses.

NZ Post wants that changed to not less than three days per week delivery to 99.88 percent of addresses and one day per week delivery to other 0.12 percent of delivery points.

Existing addresses with two or three day delivery will not have frequency reduced.
There is no change to the obligation to provide competitors with access to the NZ Post network.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Scoop Business: Productivity Commission To Look At Housing Land Supply

The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More>>

ALSO:

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news