The price Kiwis pay for nationwide overnight postage is “ridiculously cheap” and should cost at least twice as much, the chief executive of listed company Freightways says.
Mark Troughear said on the Herald’s Stock Takes podcast that overnight $3 postage to get a small parcel from the North Island to the South was “chronically underpriced” for the undertaking required, using expensive aircraft and often unsuitable roads.
“The reality is we have some services that are just chronically underpriced. It’s nuts.
“It’s a phenomenally high level of service ... For a ridiculously cheap price.”
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