Australia Post is investing $400 million to make sure it can deliver the mighty backlog of parcels currently sitting in storage, buoyed by a 32 per cent surge in volume and a number of strikes and shutdowns.
Australia Post has been delivering over 10 million parcels a week, but it’s not enough.
New CEO Paul Graham announced a $1 billion, three-year package, including $400 million to be spent before next July on parcel processing facilities, fleet expansion, and technologies.
“Australia Post has an unrivalled delivery and post office network,” Graham said.
“We know our customers want their parcels delivered as quickly and efficiently as possible, so that’s why we are further increasing capacity with five brand-new processing facilities before our peak period in 2022.”
Australia Post will spend $20 million on cloud-based systems which will hasten delivery times.
“We are also investing to extend our already extensive last-mile delivery network, with a further $31 million committed to the new electric delivery vehicle fleet, which is better for the environment and safer for our people,” Graham added.
