NZ Post’s parcel business is booming

NZ Post’s parcel business is booming
NZ Post expected to deliver 2.6 million parcels last week. (Image: Getty)
Jem Traylen
New Zealand's national mail carrier was rushed off its feet when people turned to online shopping during covid, but this year’s peak parcel season is breaking those records.The good news came just as the Government refreshed NZ Post's board with four new members, including Paula Rebstock, who replaces outgoing chair Carol Campbell.At its annual review before Parliament last week, NZ Post chief executive Dave Walsh said parcel numbers were the biggest volumes it had seen, “even reflecting covid”.A spokesperson told...

More Economy

Manufacturing activity has contracted for 22 consecutive months
Economy

Manufacturing activity has contracted for 22 consecutive months

New Zealand’s manufacturing sector contracted in December, marking the first time in the survey’s history that all 12 months were in contraction. The seasonally adjusted Performance of Manufacturing Index (PMI) for December was 45.9, up from 45.2 in November but still well below...

Rebecca Howard 17 Jan 2025
Bank economists expect OCR rises in 2026
Economy

Bank economists expect OCR rises in 2026

‘A number closer to four takes the cash rate to neutral,’ says BNZ's Stephen Toplis. 

Gregor Thompson 17 Jan 2025
Westpac records soft December retail spending
Economy

Westpac records soft December retail spending

Despite a slight lift, Westpac data points to a soft end of year for household spending.Westpac’s retail tracker, released on Thursday, showed spending on Westpac-issued credit and debit cards was up 2% in December compared to last year.  Westpac senior economist Satish Ranchhod...

Staff reporters 16 Jan 2025
Price shakeup for cigarette brand
Retail

Price shakeup for cigarette brand

Cigarette prices typically go up each year. Not in this case.

Oliver Lewis 16 Jan 2025