Canada Post Corp. increases domestic rates today by a weighted average of 3.4 percent for addressed admail, including catalogs and other categories used by direct marketers, and 2 percent for unaddressed admail.
Canada Post increases rates for addressed and unaddressed admail every year at this time. Last year, rates for addressed admail increased 5.2 percent, and unaddressed admail increased 2 percent.
Trade ministers from the United States, Canada and Mexico last year tried to impose greater openness on a procedure under NAFTA that allows companies to sue governments for millions in monetary damages, but the effort has so far failed. As a result, United Parcel Service Inc. is now using the procedure to attack one of its major competitors, Canada Post, in relative secrecy, angering anti-NAFTA activists and the Canadian government.
Read MoreCanada Post Corp. will increase U.S. and other international rates and domestic lettermail rates today.
Read MoreCanada Post is to acquire a majority interest in Progistix Solutions, a wholly-owned third party logisics subsidiary of Bell Canada. CP is partnered with Intelcom Courier Canada, a Montreal based, same day delivery and logistics solutions company, which is also acquiring an interest in Progistix.
Read MoreNETDELIVERY LAUNCHES SOFTWARE FOR ONLINE POSTAL SERVICES
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