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AAP
AAP
Business
Marion Rae

Red-letter day for AusPost as big rivals dog deliveries

E-bikes will help posties deliver on routes that have challenged three-wheel delivery vehicles. (HANDOUT/AUSTRALIA POST)

Posties are delivering billions of parcels and fewer letters, but Australia Post is determined to deliver for another 200-plus years.

A "two-speed" business resulted in AusPost declaring another annual loss on Friday, as revenue from parcels continued to grow with more than 2.5 billion delivered each year, while letter deliveries fell to 1950s levels.

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