Daily letters doomed as Australia Post heads for big losses

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Daily letters doomed as Australia Post heads for big losses
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Australia Post is in trouble as a pandemic-inspired parcels boom wanes and the letters business slumps into an “unstoppable decline”.

“Australia Post is a cherished national institution,” she said in a statement. “As an institution that is regularly adapting to changes in technology, changing consumer preferences, and competition – it cannot stand still or be frozen in time.”

Mr Graham said their letters business was unsustainable and change was needed which would require significant consultation and approval of both houses of parliament.“Frequency [of letter delivery] is one thing we need to address, the average household receives just one and a half letters a week now,” he said.

Mr Graham said that he did not think Canada’s solution of community mailboxes at the end of the street would work well in Australia but that many postal services around the world had moved to delivery only once every two or three days.

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