Australia Post CEO reports increase in overseas parcels

Australia Post’s CEO Ahmed Fahour has reported that the postal operator has benefited from a huge increase in the number of parcels being sent overseas, with China being the main destination. Fahour, who was speaking at a business lunch today (6 August), speculated that the fall in the value of Australian dollar over the past year – which therefore makes Australian goods cheaper for overseas buyers – may have contributed to the increase.

The surge was also in line with the underlying trend for growth in cross-border e-commerce activity and parcel deliveries – and a decline in traditional mail.

“We are now more of an e-commerce company than we are a letters company,” Fahour commented.