[Janelle Ward]

Does the postie come down your street every day but rarely stops because you rarely receive a letter? Australia Post reports it has lost money for the first time since 2015 and its letter delivery service is to blame.

In a statement on Thursday, Australia Post revealed that losses in its letter business division had increased by more than 50 per cent to $384m.

The service Post is wholly owned by the government and letter deliveries every business day to 98 per cent of delivery points is one of its community service obligations. But it has told the government the service is “no longer sustainable”.

Australia Post says the average household receives 2.2 addressed letters each week, down from 8.5 a week in 2008, and that number is expected to almost halve over the next five years.

Would you be concerned if Australia Post delivered letters only two to three times a week? Should there be a substantial rise in the price of stamps to compensate?

[Cosmo]

Given that it can take around a week for mail to arrive from interstate it hardly makes much difference how often mail is delivered. People have used expressions like ‘watching moss grow’ to describe excruciating delays but following the Aus Post tracking of a registered letter or a package is equally frustrating. Everything AusPost does after announcing reduced volumes is exactly what you’d do to reduce volumes and profitability even further. And the people in charge get paid $millions and gold watches for failure, what would they expect for success?

[Author]

Posts