Freightways sceptical of Government's profitability drive

People used to send a billion mail items a year, now it is 200 million and falling. (Image: Getty)

Mon, 22 Jul 2024

NZ Post’s main competitor, Freightways, is welcoming the Government’s emphasis on the state-owned enterprise’s profitability but says it doesn’t go far enough.New Zealand Exchange-listed Freightways operates NZ Couriers, SUB60, Post Haste, DX Mail and Kiwi Express and, with NZ Post, shares more than 80% of the express parcel space market.However, NZ Post’s workforce is concerned about how a new emphasis on cost-cutting and profitability will affect their incomes, with claims that its contract drivers are already be...

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