Canada Post and Purolator are finalising a transaction to sell SCI Group Inc. to Montréal-based Metro Supply Chain Inc., a Canadian leader in third-party logistics.
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Canada Post has officially opened the Albert Jackson Processing Centre, a leading-edge parcel sorting facility built to improve service for Canadians and businesses and fuel ecommerce in Canada for decades to come.
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Canada Post recorded a loss before tax of $254 million in the second quarter of 2023 as revenue fell across all lines of business.
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Canada Post recorded a loss before tax of $107 million in the first quarter of 2023 as Parcels revenue was relatively flat and Transaction Mail and Direct Marketing revenue declined.
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Canada Post recorded a loss before tax of $548 million in 2022, as growing competition in the parcel delivery sector, combined with economic uncertainty and reduced consumer spending, negatively affected parcel volumes and revenue.
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