Australia Post profits slump as letter losses “overwhelm” parcel profits
Profits at Australia Post slumped over the past 12 months, as the company’s letters business lost a record $328.4m.
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Toll Group focus on “enormous” Australian e-commerce potential
Australian logistics and transport giant Toll Group admitted yesterday that it wanted its new e-commerce service to progress more quickly — but said for now its focus is on getting the operations and technical side right.
Read MoreAustralia Post to partner government in digital mail drive
Just days after Australia Post warned its letter volumes were about to “fall off a cliff”, it has sealed a deal to help the government communicate with its citizens digitally.
Read MoreAustralia Post chief says letter volumes “about to fall off a cliff”
Australia Post chief executive Ahmed Fahour has revealed that his company’s letters business has significantly surpassed last year’s $218m loss — and the situation is only going to get worse.
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Toll Group opens “Australia’s largest” express parcel sorting facility
Toll Group has just opened its new $170m express parcels facility near Sydney, the largest such facility in Australia.
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