Last Mile Brief 10/07/2023: Swiss Post announces post & parcel delivery price rises for 2024
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Swiss Post has announced that it will increase its prices, including for letters and parcels, as of 1 January 2024. A Mail and B Mail letters will each be 10 centimes more expensive, while Priority and Economy parcels will cost 1.50 francs more in future.
Switzerland’s postal operator says the price rises are necessary firstly due to the continuing decline in letter volumes and over-the-counter transactions. In addition, Swiss Post stresses that current inflation is causing the company to incur considerable additional costs for energy, transport, materials and salaries.
Swiss Post nonetheless says that it is only passing on some of these additional costs to its customers. Despite the price rises, the company will continue to bear a significant part of the costs itself, and compensate these through various steps, including efficiency measures.
As of 1 January 2024, an A Mail letter in standard format will cost 1.20 francs (previously 1.10 francs), and a B Mail letter will cost 1 franc (previously 90 centimes). An Economy parcel up to 2 kg will now cost 8.50 francs (previously 7 francs), a Priority parcel 10.50 francs (previously 9 francs).
Commenting on the price increases, Roberto Cirillo, CEO of Swiss Post, said:
“The additional costs resulting from the decline in letters and transactions at the counter, as well as from inflation, are huge for Swiss Post. We can no longer afford all of these on our own. This is why these price increases are urgently needed for Swiss Post. The price increases cannot fully compensate for the increased costs and future declines in letters and over-the-counter transactions. This means we will also have to tighten our belts. In specific terms, Swiss Post will need to become even more efficient and exceed its set savings target of 300 million francs by 2030. Our top priority is to maintain our high quality in all parts of Switzerland, despite the efficiency measures.”