Australia Post has announced its 2024 pricing structure, with parcel services seeing increases ranging from 4-8% effective February 1.
Key Price Changes
Parcel Services
- Parcel Post: Average 5.2% increase
- Express Post: Average 7.1% increase
- International parcels: 6-9% depending on destination
Letter Services
- Standard letters: $1.20 to $1.30
- Priority letters: Unchanged
- Large letters: 4% increase
Industry Context
The increases reflect:
- Rising fuel and transport costs
- Continued investment in network infrastructure
- Labour cost pressures
- Increased parcel volumes requiring capacity expansion
Shipper Impact
Businesses should:
- Review shipping cost models
- Consider carrier diversification
- Evaluate customer shipping fee structures
- Explore volume discount negotiations
The increases follow similar announcements from other major carriers, suggesting an industry-wide adjustment to operating cost pressures.