New Zealand Post has formed a 50/50 joint venture with global mailand express group DHL and its parent Deutsche Post World Net (DPWN) for the ownership and operation of express courier businesses in Australia.
“Effective July 1, the arrangement builds on the success since 2005 of a similar joint venture in New Zealand between DPWN’s express unit DHL Express and New Zealand Post,” said the New Zealand postal organisation.
The new structure is called Express Couriers Australia Pvt Limited (ECA) and will be managed separately from the shareholders’ other Australian interests.The New Zealand Post-DHL Express structure in Australia encompasses six complementary businesses in metropolitan and regional markets in Queensland, New South Wales, Victoria, South Australia and Western Australia.
The businesses include Couriers Please, Parcel Overnight Direct and Northern Kope Parcel Express, three businesses under New Zealand Post ownership.The other businesses to make up the joint venture are PEP Transport, Vic Fast Couriers and Hills Transport.