Tag: Canada Post

Parcel pickup moves; BIA upset with change by Canada Post

Posted by | May 1, 2008 | |

Changes made to parcel delivery have business and political leaders on the verge of going postal.

Businesses and residents can no longer go to the downtown post office to pick up parcels. Instead, they must travel to one of the two Shoppers Drug Mart’s on Algonquin Boulevard.

Canada Post recently changed how it handles packages that require a signature and are not delivered to the door.

Instead of heading to the post office, located at the corner of Balsam Street and Second Avenue, residents and businesses now have to travel to Canada Post retail outlets located inside either of the two drug stores located on Algonquin Boulevard.

Downtown Timmins Business Improvement Association president Andrew Marks said the move is a form of downsizing. He’s worried that more than 250 businesses which have central access to the post office will now have to deal with the huge headache of commuting to get their parcels.

Marks said it’s businesses that are constantly picking up parcels, not regular residents. What’s worse, he said, is that those who would walk into the downtown core no longer have to, and that will equate to a dent in retail activity.

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Canada Post unveils its first Braille stamp

Posted by | Apr 28, 2008 | |

Canada Post is issuing its first ever Braille stamp featuring guide dogs to celebrate the 100th anniversary of the founding of Canada’s oldest association for the blind, it said Wednesday.
Some 3.5 million copies of the domestic 52-cent stamp have been printed with Braille embossing and larger-than-usual typeface for the vision-impaired, and featuring a yellow Labrador retriever, to coincide with the 100th anniversary of the Montreal Association for the Blind.
“We provide vital communication links to all Canadian households and to offer a Braille stamp reinforces our commitment to meet the needs of all Canadians,” said Bob Waite, a Canada Post senior vice-president.
The first Braille embossed stamp in the world was produced by Brazil in 1974 to commemorate the Fifth World Council for the Welfare for the Blind in Sao Paulo.
Almost a dozen countries have also since printed Braille stamps, however most were said to be symbolic because the light paper used to make the stamps did not typically hold the raised Braille for very long before being flattened.

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Canada Post Manages Thirteenth Consecutive Year of Profitability

Posted by | Apr 28, 2008 | |

In its 2007 Annual Report, Canada Post Corporation reported its thirteenth consecutive year of profit for its Group of Companies. The Corporation recorded a consolidated net income of CAD54 million for the fiscal period ended December 31, 2007.

The return on equity for 2007 was 3.8 per cent. The corporation will make an annual dividend payment at the rate of 40 per cent of net income to its shareholder and is expecting to pay a dividend of approximately CAD22 million to the Government of Canada in 2008. The total dividends paid over the last five fiscal periods amount to CAD267 million.

Canada Post Corporation’s consolidated net income of CAD54 million was down 54.3 per cent from CAD119 million in 2006. Consolidated revenues reached CAD7.5 billion, an increase of 2.5 per cent trading day adjusted or CAD210 million over the comparative period a year ago, while the cost of operations increased by 3.2 per cent to CAD7,346 million. Canada’s population growth added some 200,000 new points of delivery during the year.

On a consolidated basis, Canada Post Corporation processed 11.8 billion pieces during the 12-month period, even as Transaction Mail volumes decreased by 1.6 pct year over year adjusted for trading days. In 2007, Canada Post met the corporate on-time service performance target of 96 per cent for the delivery of Lettermail. 1.00 USD = 1.00892 CAD

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Canada Post and FedEx Express Canada set to launch new International Express Service

Posted by | Apr 23, 2008 | |

Canada Post Corporation and FedEx Express Canada have combined forces in the development of Priority Worldwide, a new international express service that will be sold in Canada through Canada Post’s retail and commercial networks and delivered worldwide through the extensive FedEx international delivery network. Priority Worldwide will be available to customers in the fall of 2008.

Priority Worldwide will offer an on-time, money-back guarantee and delivery standards of next business day by noon to most USA destinations and 2-3 business days to most of the remaining industrialized world. Other key features of Priority Worldwide include tracking, delivery confirmation and signature upon delivery.

Moya Greene, President and CEO of Canada Post said, “Globally, postal administrations and express companies are working together to improve service to their customers. This relationship with FedEx, a world class company, is not only consistent with that trend, it improves our offering to customers, strengthens our business and enhances our brand.”

“FedEx is making it easier for Canada Post’s customers to grow their businesses in a global marketplace,” said David Binks, President of FedEx Express Canada. “FedEx is pleased to be working with Canada Post and the collaboration allows postal users the opportunity and the ability to expand in the more than 220 countries and territories that our network supports.”

Canadian shippers will be able to use Priority Worldwide to send envelopes up to 500 grams, paks up to 1.5 kg and parcels up to 30 kg around the world with the full confidence that Canada Post, Canada’s most trusted federal institution, and FedEx, a trusted international express transportation company, are behind it.

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Strategic Review of Canada Post Announced

Posted by | Apr 22, 2008 | |

Lawrence Cannon, Minister of Transport, Infrastructure and Communities, and Minister responsible for Canada Post, today announced that the Government of Canada will conduct a strategic review of the Canada Post Corporation that will be guided by established terms of reference. “We are conducting a strategic review of Canada Post to make sure this public institution has the right tools and means to fulfil its mandate in the future,” said Minister Cannon. “This review is being conducted with the full understanding that Canada Post will remain a Crown corporation. In the changing business context and with new challenges ahead, we want to act now to make sure it continues to fulfil its mandate: delivering essential, universal services every day to Canadians, while remaining financially self-sustaining.” The review will focus on four major areas: market and competition; public policy objectives and responsibilities; commercial activities; and financial and performance targets. A review of Canada Post has not been conducted since 1995. The review will be led by an external, independent advisory panel composed of three members. “I am very pleased that Dr. Robert Campbell has agreed to chair the panel and that Mrs. Nicole Beaudoin and Mr. Daniel H. Bader will support him as panel members on this important review,” said Minister Cannon. “I look forward to their report and recommendations, which are due to me in December 2008.”

The panel will be guided by the following four principles:
– Canada Post will not be privatized and will remain a Crown corporation;
– Canada Post must maintain a universal, effective and economically viable postal service;
– Canada Post will continue to act as an instrument of public policy through the provision of postal services to Canadians; and
– Canada Post will continue to operate in a commercial environment and is expected to attain a realistic rate of return on equity.

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