Inside Canada Post’s Business Transformation
Sam Rahim, General Manager Canada Post Business Transformation Deployment, joins Ian Kerr to talk about Canada Post’s business transformation project.
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Canada Post Q1: operating expenses increased by $287 million, compared to 2020
Canada Post recorded a loss before tax of $77 million in the first quarter of 2021, as higher operating costs and revenue declines in Transaction Mail and Direct Marketing exceeded the significant growth in Parcels revenue.
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Canada Post Q3: $265-million loss before tax
Canada Post recorded a loss before tax of $265 million in the third quarter of 2020, as declines in Transaction Mail and Direct Marketing revenue and higher costs had a significant impact on earnings. Parcels revenue continued to grow in the quarter, but it was not enough to offset these contributing factors.
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Canada Post records a loss before tax of $378 million in Q2
Canada Post recorded a loss before tax of $378 million in the second quarter of 2020. This increased loss was largely due to the significant impact COVID-19 had on revenue and costs, combined with the added costs stemming from the June 2020 arbitrator’s ruling.
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Canada Post sets up pilot projects to look at postal banking
Canada Post has agreed to study how it could offer postal banking, including through setting up pilot projects at certain locations, as part of a new collaboration with a union representing rural postal workers, reports Canada’s National Observer.
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Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.