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Canada Post Reports $67m Profit

Posted August 29, 2014

Under Economic Issues, Logistics & Supply Chain Issues

(BIV.com)

Canada Post Corporation is reporting a profit of $67 million in 2014’s second quarter, the Crown corporation announced August 27, citing a decrease in employee benefit costs and increasing parcel deliveries.

The profit comes on the heels of a poor first quarter, which had a loss of $28 million. In 2013’s second quarter, the corporation reported a $50 million loss. [...]

Parcel delivery was strong due to online shopping. In the corporation’s mail delivery segment (as opposed to the corporation’s Purolator segment), domestic parcel delivery grew 10.9% as there were 2 million more parcels delivered. Read more here.