Postal services worldwide have been actively changing in the past decade.
dropped by just under 14 percent between 2019 and 2020 after steadily decreasing since 2011. In contrast,
. Its growth was accelerated by the hike in
due to the COVID-19 pandemic. The Swiss postal services mirror the trends observed in the global market and neighboring countries.
in 2021 and remained strong in 2022. Despite this, the overall volume constituted a decrease of 100 million year-over-year and 22 percent compared to 2014. In contrast, parcel deliveries increased by ten percent year-over-year, up to 329 million packages. Swiss Post—a public company owned by the Swiss Confederation and Switzerland’s national postal service—delivered some
in 2022, making it the postal service market leader in Switzerland.
Logistics Services Spearhead Pandemic Recovery
Swiss Post generated 6.9 billion Swiss francs in
operating income in 2022 (around 7.5 billion U.S. dollars), up five percent compared to 2020 and only measuring a slight decrease compared to 2021. With operating expenses also rising after a dip at the onset of the COVID-19 pandemic, Swiss Post reported some 358 million Swiss francs in 2022
operating profit (approximately 397.3 million U.S. dollars). The group’s logistics services and PostFinance —its financial services subsidiary—were its
most profitable segments, reporting 358 million and 229 million Swiss francs in operating profit in 2022 (397 million and 254 million U.S. dollars). In contrast, its communication services and PostalNetwork recorded a loss that year, though the number of
PostalNetwork’s access points rose to over 4,800.
Swiss Post employed more people in 2022 than 2021—continuing the rise in employment increase since 2020 despite
staff costs dropping by six percent year-over-year to 3.5 billion Swiss francs in 2022. This cost decrease was partly due to the company discontinuing staff vouchers for retirees. One of the other factors enabling the company to boost its financial performance in 2022 was its ability to maintain
stable customer satisfaction across the whole group.
Global Competition in the Logistics Industry
While Swiss Post is an essential national player in the Swiss postal industry, it does not lead the global logistics sector. Spearheaded by United Parcel Services and FedEx, the
global logistics industry was worth around 10.4 trillion euros in 2022 (about eleven trillion U.S. dollars). Deutsche Post ranked second among the leading
logistics companies worldwide in 2022. The A.P. Moller-Maersk Group, DSV Panalpina and Kuehne + Nagel were the only other European companies to rank in the top 10. The Deutsche Post’s DHL Supply Chain & Global Forwarding was also the
second largest global third-party logistics provider that same year, with Kuehne + Nagel taking first place. Headquartered in Switzerland, Kuehne + Nagel was one of Swiss Post’s main competitors in the logistics sector. The company generated
around 43 billion Swiss francs in revenue in 2022. While Swiss Post Group still faces challenges in the global logistics sector, postal services in Switzerland are ranked as the
best performing in the world in terms of reliability, reach, relevance, and resilience.
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