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.
The post reported steady growth in international mail and parcel volumes, driven by increased lightweight e-commerce delivery demand. However, domestic volumes declined in both segments. To meet growing inbound parcel demand, the post has invested in expanding its parcel locker network and is looking to increase processing and delivery automation. For more details download the latest IPC Carrier Intelligence Report for Cyprus Post.
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