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

 


Some postage rates to rise from 1 July 2014

Some postage rates to rise from 1 July 2014

20 March 2014

The standard letter rate – the cost of sending a medium sized letter by Standard Post within New Zealand – will rise by 10 cents, from 70 cents to 80 cents, from 1 July 2014.

It was last increased two years ago. The price of premium letter services (FastPost and BoxLink) remains at current levels. The price for some larger items will decrease.

New Zealand Post is working more efficiently and will continue to find savings but the increase in postage is also necessary to maintain a national postal service in the face of higher costs, more delivery points and lower mail volumes.

Large Standard Post letters sent within New Zealand will also rise by 20 cents, from $1.40 to $1.60. Extra large and oversize letters will be merged as an oversize letter; the new postage required to send them within New Zealand will be $2.40 – 40 cents less than the current oversize letter price.

Postage to send standard parcels within New Zealand will also change. This includes untracked parcels, which will increase by between 10 cents and $1 depending on the size of the parcel and whether it is self-wrapped or in one of New Zealand Post’s postage included bags.

Sending overseas

The postage required to send aerogrammes, postcards and medium and large letters to any destination overseas will increase by 10 cents.

The price to send extra large and oversize letters overseas will increase by between 10 cents and 30 cents depending on the destination.

Parcels sent overseas will increase by an average of 4%.

The International Economy parcel service will be withdrawn. These parcels can be sent by International Air.

More details can be found at www.nzpost.co.nz/july2014
Media contact: Richard Trow (04) 496 4566

Q&As

1. Why do you need to increase postage?
The increase is necessary to help maintain a viable network servicing all of New Zealand. While we are working more efficiently and will continue to make savings, increasing prices from time to time is also necessary to maintain a national postal service in the face of rising costs, increasing delivery points and sharply declining mail volumes.

2. Why isn't the cost of FastPost letters increasing?

The price to send a FastPost letter was kept at the present rate to reduce the impact on customers who require a faster service.

3. Why are mail volumes falling?
People and businesses are using technologies like email, Smartphones and texting for a lot of their everyday communication.

4. By how much have mail volumes decreased?
Letter volumes declined by about 7.5% (63 million items) last year; and have fallen by a third in total since 2006. In the same period, the number of places we deliver to has risen. Forecasts indicate that between 2005 and 2017 the number of domestic letters delivered per letterbox will fall from 1.8 to 0.8 per day. This reinforces our need to keep making changes to be competitive and sustainable.

5. Why are your costs not falling in line with letter volumes?
We are committed to maintaining a viable network servicing all of New Zealand. The network has fixed costs regardless of the volume of mail entering the network, and the costs are increasing in line with the growing population and the resulting increase in delivery points.

6. How fast is the network expanding?
The New Zealand population rises year on year. Because of this we are delivering to 27,000 more homes than we did two years ago, as well as to more business addresses.

7. How does New Zealand standard postage rate compare with other countries?
The standard letter postage rate in New Zealand is on a par with Australia and Canada and below that of the UK, Germany, the Netherlands and Japan.

8. When did you last increase Standard Post?
The last Standard Post increase, when a medium domestic letter increased from 60 cents to 70 cents, was in July 2012. The last increase for domestic parcels was March 2012.

9. How are you letting people know about the postage increase?
New Zealand Post will be writing to all business customers that are affected to explain the changes. All the changes are detailed on www.nzpost.co.nz/july2014 and we are providing leaflets in PostShops and retail outlets.

10. What about CourierPost prices, are they increasing as well?
These increases do not apply to CourierPost products.

11. When do you expect the next price rise?

We review our prices from time to time to take into account changes such as new product offerings and cost increases.

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Media: Fairfax Moves To Create Modern Newsroom

Fairfax Media New Zealand continues its newsroom transformation this week, with a proposal to further organise its editorial operations into focused, local teams and specialist national topic areas. More>>

ALSO:

Dairy: Fonterra Forecast For 2015/16 Season

Fonterra Co-operative Group Limited has today reduced its forecast Farmgate Milk Price for the 2014/15 season to $4.40 per kgMS. Along with its previously announced forecast dividend range of 20-30 cents per share, the change amounts to a forecast ... More>>

ALSO:

BusinessDesk: SkyCity Lifts Minimum Convention Centre Investment To $430M

SkyCity Entertainment Group, the casino operator, has lifted the minimum it will invest in the Auckland International Convention Centre to $430 million and said total costs including land may be $450 million to $470 million. More>>

Statistics: Drop In Dairy Prices Leads Fall In Exports

Total goods exports fell $240 million (5.5 percent) to $4.2 billion in April 2015 compared with April 2014, Statistics New Zealand said today. More>>

BusinessDesk: APN's NZME Sees Future In Paywalls, Growth In Digital Sales

APN News & Media has touted a single newsroom concept for its NZME unit in New Zealand, similar to what Germany's Die Welt uses, saying an 'integrated sales proposition' is helping it win market share, including ... More>>

Labour Party: Global Milk Prices Now Lowest In 6 Years

The latest fall in the global dairy price has brought it to the lowest level in six years and shows there must be meaningful action in tomorrow’s Budget to diversify the economy, says Labour’s Finance spokesperson Grant Robertson. “Dairy prices ... More>>


BusinessDesk: NZ Inflation Expectations Creep Higher In June Survey

May 19 (BusinessDesk) - New Zealand businesses lifted their expectations for inflation over the next two years, sapping any immediate pressure on the Reserve Bank to cut interest rates, and prompting the kiwi dollar to jump higher. More>>

BusinessDesk: Lower Fuel Costs Drive Down NZ Producer Input, Output Prices

May 19 - Producer input and output prices fell in the first quarter, mainly reflecting lower fuel costs and weakness in prices of meat and dairy products. More>>

Media: Fairfax Media NZ Announces Senior Editorial Team

Fairfax Media New Zealand has today confirmed its new editorial leadership team, as part of a transformation of its newsrooms aimed at enhancing local and national journalism across digital and print. More>>

Science: Flavonoids Reduce Cold And Cough Risk

Flavonoids reduce cold and cough risk Research from the University of Auckland shows eating flavonoids – found in green tea, apples, blueberries, cocoa, red wine and onions – can significantly reduce the risk of catching colds and coughs. The research, ... More>>

BusinessDesk: RBNZ House Alert Speech The Catalyst For Government Action

Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for concerted action on rampant Auckland house prices was one of the main catalysts for the government's weekend announcements about tightly ... More>>

BusinessDesk: How To Fall Foul Of The New Housing Tax Rules: Tips From IRD

Just because you rented out your investment property doesn't absolve you from paying tax, says the Inland Revenue Department in a summary of commonly made mistakes by non-professional property investors when it comes to their tax liability.More>>

Legal: Superdiversity Law, Policy And Business Stocktake Announced

Mai Chen, Managing Partner at Chen Palmer New Zealand Public and Employment Law Specialists and Adjunct Professor of Law at the University of Auckland, today announced the establishment ... More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news