Canada Post selling off logistics business as part of effort to 'transform' Crown corp
Canada Post selling off logistics business as part of effort to 'transform' Crown corp
Canada Post Inc. is selling off its third-party logistics business to a Montreal company, according to a media release Tuesday from the Crown corporation.
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Canada Post recorded a $290 million loss in the third quarter of 2023, while its cost of operations rose by $26 million.
Services don't lose money, services are performed and they cost what they cost.
37 0 ReplyYeah that’s insane. Canada Post isn’t supposed to make money.
20 0 ReplyWtf, CBC.... You're both crown corps....
"CBC recorded a $xxx million loss" would be an equally stupid thing to say... These are gov't services to citizens
7 0 ReplyThis mirrors the enshittification of the USPS almost exactly.
It's getting hard to keep track of the current letters in-flight to our local representatives and just what half-assed response they've given if any.
4 0 Reply