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

 

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:

Insurers Up For More Payouts: Chch Property Investor Wins Policy Appeal In Supreme Court

Ridgecrest NZ, a property investor, has won an appeal in the Supreme Court over insurance cover provided by IAG New Zealand for a Christchurch building damaged in four successive earthquakes. More>>

ALSO:

Other Cases:

Royal Society: Review Finds Community Water Fluoridation Safe And Effective

A review of the scientific evidence for and against the efficacy and safety of fluoridation of public water supplies has found that the levels of fluoridation used in New Zealand create no health risks and provide protection against tooth decay. More>>

ALSO:

Scoop Business: Croxley Calls Time On NZ Production In Face Of Cheap Imports

Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way to electronic communications. More>>

ALSO:

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Convention Centre: Major New SkyCity Hotel And Laneway For Auckland

Today SKYCITY Entertainment Group Limited revealed plans to build a new hotel and pedestrian laneway of bars, restaurants and boutique shopping on land it owns in the Nelson and Hobson Streets block, expanding the SKYCITY Entertainment Precinct. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news