Fastway in strong position to tackle competitor
News Release 04 September
Fastway Couriers in a strong position to tackle new competitor
Fastway Couriers believes it is in a strong position to tackle the recent announcement by Australian owned Toll/IPEC that they are about to enter the express parcel market in New Zealand.
Fastway New Zealand CEO, Bruce Speers, believes that with a fleet of just 55 vehicles Toll/IPEC will struggle to have the necessary geographical coverage to provide the services that New Zealand businesses require. He stated that Fastway Couriers has a total fleet of 300 vehicles; this gives them an extensive nationwide coverage and a strong metropolitan presence.
Fastway Couriers have also been surprised by recent reports from competitors where they stated they have been recording declining revenues. Mr Speers says that currently the Fastway Couriers network has not recorded such declines and in fact has had a number of Regional Franchisees (branches) with double digit sales growth. He believed that this can be put down to a combination of Fastway being extremely competitively priced, recent advances in real time signature capturing track and trace scanners which have seen them gain market share, and that a number of their existing businesses have moved to “just in time” for stock holding which has seen an increasing use and frequency of express parcel movements.
Fastway Couriers is New Zealand’s largest privately owned express parcel courier company. It is the world’s largest courier franchise system, operating in nine countries with over 1600 couriers worldwide. The group turnover for the previous financial year was $458 million and is showing continuing strong growth this year which has been assisted by Fastway Ireland securing a 3 million Euro contract with British catalogue retailer Littlewoods.