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

 

Postal rate changes will contribute to protecting mail

6 March 2019

Postal rate changes will contribute to protecting mail as a valued service

for all New Zealanders

The price of sending a standard letter within New Zealand will increase 10 cents to $1.30 from 1 July 2019, to better reflect the true cost of sending a letter.

New Zealand Post General Manager Mail Matt Geor says NZ Post delivers over 400 million mail items a year, but the number of letters sent continues to drop at a significant rate.

“We need to make the price change to help cover the cost of delivering letters and to ensure we can sustain the current postal service for those who are using it,” says Mr Geor.

“New Zealand currently has one of the highest rates of decline in the world, as people choose to communicate more online. Only around one percent of mail sent in New Zealand is made up of personal letters, the rest is business mail.

“We continue to work hard to keep the cost of posting mail as low as possible, by significantly reducing our network costs and making big changes to how we operate. However, with an annual decline of approximately 60 million mail items through our network, we also need to increase the price of postage.

“We acknowledge the significance of these changes for our customers. We want to reassure them we are working very hard to ensure our mail business is fit for the future, and that the changes will not affect our delivery service.”

As part of maintaining a viable postal service for New Zealand, NZ Post has also reviewed the prices we charge our largest business sending customers, for large volumes of mail sent in bulk. More details are available on the New Zealand Post website at www.nzpost.co.nz/july2019.

ends


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Fuels Rushing In: Govt "Ready To Act" On Petrol Market Report

The Government will now take the Commerce Commission’s recommendations to Cabinet...
• A more transparent wholesale pricing regime • Greater contractual freedoms and fairer terms • Introducing an enforceable industry code of conduct • Improve transparency of premium grade fuel pricing... More>>

ALSO:

Reserve Bank Capital Review Decision: Increased Bank Capital Requirements

Governor Adrian Orr said the decisions to increase capital requirements are about making the banking system safer for all New Zealanders, and will ensure bank owners have a meaningful stake in their businesses. More>>

ALSO:

Aerospace: Christchurch Plan To Be NZ's Testbed

Christchurch aims to be at the centre of New Zealand’s burgeoning aerospace sector by 2025, according to the city’s aerospace strategic plan. More>>

ALSO:

EPA: Spill Sees Abatement Notice Served For Tamarind Taranaki

The notice was issued after a “sheen” on the sea surface was reported to regulators on Thursday 21 November, approximately 400 metres from the FPSO Umuroa. A survey commissioned by Tamarind has subsequently detected damage to the flowline connecting the Umuroa to the Tui 2H well. More>>

Taskforce Report: Changes Recommended For Winter Grazing

A Taskforce has made 11 recommendations to improve animal welfare in intensive winter grazing farm systems, the Minister of Agriculture Damien O’Connor confirmed today. More>>

ALSO: