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

 

Must Sell 20 Petrol Stations: Z Cleared To Buy Caltex Assets

Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. More>>

ALSO:

Huntly: Genesis Extends Life Of Coal-Fuelled Power Station To 2022

Genesis Energy will keep its two coal and gas-fired units at Huntly Power Station operating until 2022, having previously said they'd be closed by 2018, after wringing a high price from other electricity generators who wanted to keep them as back-up. More>>

ALSO:

Dammed If You Do: Ruataniwha Irrigation Scheme Hits Farmer Uptake Targets

Enough Hawke's Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. More>>

ALSO:

Reserve Bank: OCR Stays At 2.25%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data and capacity pressures start to build in the economy. More>>

ALSO:

Export Values Down: NZ Posts Biggest Annual Trade Deficit In 7 Years

New Zealand has recorded its biggest annual trade deficit since April 2009, reflecting weaker prices of agricultural commodities such as dairy products, beef and lamb, and increased imports of vehicles and machinery. More>>

ALSO:

Currency Events: NZ's New $5 Note Wins International Banknote Award

New Zealand’s new Brighter Money $5 note has been named Banknote of the Year in a prestigious international competition. The $5 note was awarded the IBNS Banknote of the Year title at the International Bank Note Society’s annual meeting. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news