Snail mail division ‘unsustainable’, Australia Post boss says

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Snail mail division ‘unsustainable’, Australia Post boss says
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A dollar doesn’t buy what it used to, and now it won’t even buy you a postage stamp, one of 7-Eleven’s famous coffees and certainly not a McDonald’s cheeseburger.

wants to raise the price of posting a standard letter across Australia from $1.10 to $1.20, and on Friday chief Paul Graham warned that a $255 million loss in the letters business means the division is “unsustainable”.when asked about dropping daily deliveries.7-Eleven announced this week that it’s $1 coffees and Slurpees will become the latest victims of Australia’s cost of living crisis.

In Australia, a McDonald’s Double Quarter Pounder has increased 95¢ since last year from $7.65 to $8.60, while small and large soft drinks are up 40¢ each. At Hungry Jack’s, a Whopper is up by 60¢.

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