Freightways fires both barrels: NZ Post is failing to deliver

Mark Troughear says NZ Post's pricing is often below cost. (Image: Freightways)

Wed, 18 Jan 2023

Freightways chief executive Mark Troughear says the firm will look to Australia for investment opportunities rather than compete against NZ Post. His comments come on the back of news that the government is allowing the state-owned postal service to retain $400 million of the $1.087 billion it received for its 53% stake in Kiwi Group Holdings, owner of Kiwibank and NZ Home Loans, when the crown took the company over. The government also bought NZ Super Fund's 25% stake and ACC's 22% in a move designed to keep Kiwibank and NZ H...

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