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Canada Post Returns to Profit in 2014; Revenue Higher, Costs Lower Than 2013

Posted March 27, 2015

(Canadian Business)

Canada Post Group returned to profitability last year as the national postal service both grew revenue and reduced expenses. The group that includes Canada Post, Purolator and other businesses had a $198-million net profit, compared with a $29-million net loss in 2013.

The group’s total revenue was $7.98 billion, up $419 million or 5.5 per cent from $7.563 billion in 2013, while the logistics segment had a $10-million net profit, all of which were partially offset by a $13-million loss in other aspects of the business. [...]

Canada Post parcel delivery generated $1.5 billion of revenue in 2014, up $120 million from 2013, due to surging demand from businesses filling orders placed by online customers. Click here to read more.