Carrier Intelligence Reports

An Post Carrier Intelligence Report

An Post’s parcels and retail divisions post growth in revenue for 2023

Aramex Carrier Intelligence Report

A recovery in logistics demand and continued strong growth in parcels and express volumes drove a 10% increase in revenue for Aramex in 2021.

Australia Post Carrier Intelligence Report

Strong parcels growth, particularly in the first half of the year, drove a 9% increase in total revenue for Australia Post.

bpostgroup Carrier Intelligence Report

Lower volumes in U.S. offset group volume and revenue growth in other markets

Canada Post Carrier Intelligence Report

Canada Post to divest 3PL and IT branches in effort to concentrate on core services

Czech Post Carrier Intelligence Report

Czech Post’s revenue grew 1% in 2023. Driven by an EBIT of €-55.4m, Czech Post reported an EBIT margin of -4.1% in 2023, compared to -8.3% the prior year.

China Post Group Carrier Intelligence Report

China Post’s total revenue increased 8% year on year in 2020, driven by strong parcels and financial service performance.

Chunghwa Post Carrier Intelligence Report

Slowing but continued mail volume declines and lower interest income drove a 3% drop in total revenue for Chunghwa Post in 2019.

Correios Brasil Carrier Intelligence Report

Correios Brasil saw its parcels and international volumes increase by more than 45% in 2021, driving total revenue up by almost a fifth.

CTT Portugal Post Carrier Intelligence Report

Driven by significant parcels & express volume growth in both of its major markets, CTT Portugal Post saw group revenue increase by 8.7% in 2023. Growth of nearly a third in parcels revenue was driven by higher volumes – by nearly 60% in the post’s Spanish market – than the previous year.

Correo Argentino Carrier Intelligence Report

Lower postal service demand, including electoral services, drove a 33% drop in total revenue for Correo Argentino in 2020.

Correos Carrier Intelligence Report

Group revenue increased 13.6% in 2023, to reach €2,377mn. After several years of lower revenue levels, this marks a near-recovery to 2019’s group revenue of €2,397m.

Correos de Chile Carrier Intelligence Report

Through effective cost management and the opening of new business lines, Correos de Chile witnessed revenue growth of 6.8% in 2023.

Correos de Mexico Carrier Intelligence Report

With mail and parcel volumes falling in 2019, Correos de México saw a 6% drop in total revenue for the year.

Croatian Post Carrier Intelligence Report

Revenue grows over a tenth in 2023 as parcels processing capacity grows.

Cyprus Post Carrier Intelligence Report

A decline in mail and retail demand more than offset strong growth for parcels and express, resulting in a 9% drop in total revenue for Cyprus Post in 2019.

DHL Group Carrier Intelligence Report

DHL Group continues geographic and digital diversification despite capex cut-back

FedEx Carrier Intelligence Report

Despite a drop in its total parcels and express volumes, FedEx saw strong revenue growth in 2021, with total revenue increasing 11%.

Hellenic Post ELTA Carrier Intelligence Report

Financial share of group revenue has doubled since 2019.

Hongkong Post Carrier Intelligence Report

A slight drop in postal revenue was more than offset by growth for retail and other services, resulting in a 2% increase in total revenue for Hongkong Post in 2020.

Iceland Post Carrier Intelligence Report

Revenue for the year contracted by 0.8% in 2023. Iceland Post witnessed its profit levels drop by nearly a half in 2023.

India Post Carrier Intelligence Report

While mail and financial service revenue grew steadily in 2019, India Post saw a sharp drop in express delivery volumes, resulting in total revenue growth of just 0.6%.

Japan Post Group Carrier Intelligence Report

Strong growth for Japan Post’s parcels and logistics services, stemming from the pandemic, was more than offset by declines in mail, retail and financial services in 2020.

Korea Post Carrier Intelligence Report

Korea Post recorded its fastest revenue growth for more than five years in 2018, with total revenue increasing 3% in the year.

Latvian Post Carrier Intelligence Report

Latvian Post reported an increase of 1.9% in group revenue, to reach €110m in 2023.

Le Groupe La Poste Carrier Intelligence Report

La Poste Groupe witnessed increased revenue of 1.7% on a like-for-like basis in 2023.

Lithuania Post Carrier Intelligence Report

Lithuania Post’s revenue declined 2.7% in 2023. Growth was most significant in the Retail services division, for which revenues increased 25.8% year-on-year, and in the Complementary Postal Services division, which recorded revenue growth of 16.5% in 2023.

Magyar Posta Carrier Intelligence Report

Magyar Posta reported revenue growth of 7.9% in 2023, to reach €675m of revenue for the year. Growth was driven by strong performance in the parcels and finance divisions.

NZ Post Carrier Intelligence Report

Acquisitions and continued growth in parcel volumes supported an acceleration in revenue growth for NZ Post in 2021.

Posten Norge Carrier Intelligence Report

Group revenue fell 5.2% in 2022, largely due to the sale of Posten Norge’s subsidiary Frigoscandia at the end of 2021. Organic revenue growth was 4.5% year-on-year.

Omniva Carrier Intelligence Report

Record parcel volumes in 2023, as Omniva aims to be leading logistics provider.

Österreichische Post Carrier Intelligence Report

Group revenue growth of 8.7% driven by parcels and banking divisions

PHLPost Carrier Intelligence Report

Lower demand for mail, parcel and financial services during the pandemic, particularly during lockdown periods, drove a 48% drop in revenue for PHLPost in 2020.

Pos Indonesia Carrier Intelligence Report

A 31% increase in parcels service revenue drove double-digit revenue growth for Pos Indonesia in 2018.

Pos Malaysia Carrier Intelligence Report

Pos Malaysia’s revenue grew 12% in 2020, driven by higher mail and courier services revenue, as well as strong demand for automotive logistics.

Poczta Polska Carrier Intelligence Report

Driven by declines for mail and financial services, only partly offset by growth for parcels and express, Poczta Polska recorded a 5% drop in net sales in 2020.

Posta Slovenije Carrier Intelligence Report

Driven by its acquisition of Intereuropa Group in late 2019, Posta Slovenije’s revenue grew by more than half in 2020 to €427m.

Poste Italiane Carrier Intelligence Report

Poste Italiane saw revenue growth for almost all business divisions in 2021, driving a more than 6% increase in total revenue for the year.

Posti Group Corporation Carrier Intelligence Report

Operational efficiency drives profitability growth amid decline in revenues in 2023

PostNL Carrier Intelligence Report

Strong growth in international parcel volumes – particularly from the Asian continent – offset declining mail and domestic parcel volumes to drive revenue growth of just under 1% at PostNL in 2023.

PostNord Carrier Intelligence Report

PostNord’s total revenue increased 4% in 2021, with demand for parcels and digital services offsetting a continued decline for mail services.

POST Luxembourg Carrier Intelligence Report

Steady growth for the telecoms division, as well as continued increases in volumes for parcels and logistics services, drove a 4% increase in revenue for POST Luxembourg in 2021.

PTT Turkish Post Carrier Intelligence Report

PTT-Turkish Post saw revenue rise by more than 50% over the five years since 2011, with revenue for its express delivery subsidiary, PTT Kargo, almost doubling over that period.

Royal Mail Group Carrier Intelligence Report

Revenue and profitability were affected by strike action and adverse economic climate in 2022.

Russian Post Carrier Intelligence Report

Growth for its postal service division, as well as increased commission revenue for its subsidiaries, drove a steady increase in total revenue for Russian Post in 2020.

SG Holdings Carrier Intelligence Report

SG Holdings’ revenue increased by 12.3% in 2017 due to an increase in volumes and average unit prices, along with a change to the fiscal year-end. Despite a tight labour market, productivity improved. SG Holdings’ EBIT margin increased to 6.0% in 2017. The operator plans to make greater use of part-

Singapore Post Carrier Intelligence Report

E-commerce-related services, which generate 65% of revenue, drove a 7% increase in total revenue for Singapore Post in 2020.

Slovenská pošta Carrier Intelligence Report

Total revenue for Slovenska Posta dropped 3% in 2020, with declines in mail, retail and financial services offsetting growth for parcels and express.

South African Post Office Carrier Intelligence Report

New government services resulted in more than 20% growth in revenue for South African Post Office in 2018.

Swiss Post Carrier Intelligence Report

Acquisitions in the parcels division partly offset a decline in both mail and parcel revenues in 2022 due to lower volumes, which drove an overall decline in Swiss Post’s group revenue in 2022.

Thailand Post Carrier Intelligence Report

Thailand Post saw its total revenue drop 12% in 2020, driven by accelerated mail e-substitution and falling parcel volumes.

UPS Carrier Intelligence Report

A recovery in B2B demand for parcels and express, as well as strong growth for forwarding services, drove a 15% increase in revenue for UPS in 2021.

United States Postal Service Carrier Intelligence Report

Rate increases and continued growth in parcels and express volumes drove accelerated revenue growth for USPS in 2021.

Yamato Holdings Carrier Intelligence Report

Yamato’s revenue growth increased to 4.9% in 2017, following a strong increase in average unit prices. As a result of higher prices and fewer high-volume corporate clients, parcels volume declined during the year. Nonetheless, Yamato Holdings’ EBIT margin declined to 2.3% in 2017. Despite labour sho