Canada Post delivered a higher profit than expected for 2003, sending some of it back to its only shareholder, the federal government.
The corporation reported net income of D253 million for the last year — about four times the D58 million it expected, Canada Post said in its annual report.
Read MoreReview of year for: quality of service, Reims II, terminal dues, intelligent mail, e-parcels, EMS, registered mail, expres, RFID, CAPE, UNEX
for An Post / Department of Postal Services Cyprus / Magyar Posta / Post Denmark / Swiss Post / Australia Post / La Poste Belgium / Iceland Post / Poste Italiane / TPG / Canada Post / Deutsche Post / La Poste / Posten / USPS / Correos / Finland Post / Norway Post / P&T Luxembourg / CTT Correios / Osterreiche Post / Austria Post / Royal Mail
P:LibraryPostalAnnual ReportsIPC Annual Review 2003.pdf
The Canadian federal cabinet has approved sharp price hikes in stamps for mail to the U.S. and other countries, along with an automatic one-cent increase in the cost of mailing a first-class letter in January.
While the cost of a stamp for domestic letters weighing up to 30g will rise to 49c, plus GST, on Jan. 12, the cost of stamps for letters, cards and postcards to the U.S. will jump 23% to 80c, under an order cabinet passed last week.
Read MorePresentation by Canada Post for Parcel Shippers Association conference call
P:LIBRARYCanadian Logistics PSA presentation Nov03.ppt
The Canadian Union of Postal Workers (CUPW) membership have voted to accept both collective agreements negotiated by the union with Canada Post Corporation (CPC).
Members ratified the Urban Mail Operations agreement by a vote of 65.4%. The Rural and Suburban Mail Carriers (RSMC) ratified their agreement by a vote of 86.8%.
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