Canada Post - Huge losses

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Not a bad analysis.

TL: DL Canada post needs a grenade. Realistically, firing 30-40K staff and reducing service to rural parcel delivery only is likely the only sustainable model. The alternative is infinite taxpayer dollars being burned.

toronto.citynews.ca

What does the future hold for Canada Post?

Canada Post is the country's crown mail courier, but year after year, Canadians seem to be seeing less and less of their prominent blue, red and white logo.
toronto.citynews.ca toronto.citynews.ca
 
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CUPW is doubling down. They are now stopping flyer delivery. That's pretty much the only viable revenue stream left. Hopefully the gov't lets CP die as it's clear CUPW is not interested in financial reality.

toronto.citynews.ca

Canada Post union to lift overtime ban, stop delivering flyers

Late last month, the union responded to Canada Post's latest offers with a proposal that called for higher wages.
toronto.citynews.ca toronto.citynews.ca
 
The letter carriers are taking a financail hit also. "Flyers" are technical called Admail unadressed and addressed. Anyhow, the letter carrier gets money for each flyer delivered, since it's not calculated in the route measurement. Btw, the flyers are heavy, the Uline are probably the heaviest
 
Canada Post set to reduce frequency of letter mail delivery: minister

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  • The federal government is allowing Canada Post to end home delivery and close some rural post offices in a bid to help the corporation's failing financial picture.
  • Ottawa says the carrier is “effectively insolvent” and it’s unsustainable to depend on government bailouts for help.
  • The minister of government transformation, public works and procurement is addressing new measures to advance the “transformation.”
  • The mail carrier has been struggling with dire financial challenges, having lost $1 billion in 2024 alone and is on track to lose more.
  • Letter volume has dropped considerably over the last decade, though the number of Canadian addresses has increased.
 
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AllistonGT said:
Canada Post set to reduce frequency of letter mail delivery: minister

​

  • The federal government is allowing Canada Post to end home delivery and close some rural post offices in a bid to help the corporation's failing financial picture.
  • Ottawa says the carrier is “effectively insolvent” and it’s unsustainable to depend on government bailouts for help.
  • The minister of government transformation, public works and procurement is addressing new measures to advance the “transformation.”
  • The mail carrier has been struggling with dire financial challenges, having lost $1 billion in 2024 alone and is on track to lose more.
  • Letter volume has dropped considerably over the last decade, though the number of Canadian addresses has increased.
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It’s about time. Ending home delivery itself would almost eliminate the deficit. Closing useless post offices will help more.

Finally, it looks like CPC might get a win on the use of part timers too.

The part I find a bit hard to swallow is taking 9 years to install supermailboxes? Sounds like they throwing a bone to CUPW on that one.
 
Mad Mike said:
The part I find a bit hard to swallow is taking 9 years to install supermailboxes? Sounds like they throwing a bone to CUPW on that one.
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Also ensuring that real change is pushed out past the next election (or two). They can then argue that the libs will sweep in to save them and the scary cons will ruin their lives.
 
sburns said:
Well I bet this is going to hit the country's layoff numbers hard.
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While I feel bad for the individuals, keeping public servants employed for the sole purpose of making employment numbers look better is insane. We need workers in productive roles contributing to GDP, not churning and burning tax dollars for minimal benefit. Tbh, I think we should separate employment figures into public and private. Private numbers must keep growing if we want canada to survive. Increasing employment in the public sector means we are circling the drain faster and heading towards inevitable collapse..
 
GreyGhost said:
While I feel bad for the individuals, keeping public servants employed for the sole purpose of making employment numbers look better is insane. We need workers in productive roles contributing to GDP, not churning and burning tax dollars for minimal benefit.
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Oh I know, but this is gov we are talking about. I'm sure CP was a make work project for the gov, as an easy way to give people jobs.

Well maybe now they can concentrate on how to build our economy so overall job demand is increased, yeah right... :rolleyes:
 
Nine years is not a bad window , you have to remember the last time they randomly showed up in neighborhoods and started excavations and pouring concrete with no local consultation or permits . Towns slammed the lid on that. CPC said “ we are a fed regulated company” to which the municipality said unless your a railway quoting the act of eighteen whatever it was , beat it . Canada post quietly withdrew the superbox project with a variety of excuses , not mentioning they had no work permits in place .


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crankcall said:
Nine years is not a bad window , you have to remember the last time they randomly showed up in neighborhoods and started excavations and pouring concrete with no local consultation or permits . Towns slammed the lid on that. CPC said “ we are a fed regulated company” to which the municipality said unless your a railway quoting the act of eighteen whatever it was , beat it . Canada post quietly withdrew the superbox project with a variety of excuses , not mentioning they had no work permits in place .


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So how will the municipalities going to milk to process. Development fees?
 
nobbie48 said:
So how will the municipalities going to milk to process. Development fees?
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And all of the NIMBY they can muster. Public consultation, public meetings, fees to conduct the above, perpetual rent for space on the ROW, maintenance fees, hand wringing, a few seniors on tv talking about how they can't walk to the mailbox so they won't be able to get the flyers for stores they can't walk through, etc etc.
 
They should need no permission just install them and be done no more wasted money.

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Scuba Steve said:
They should need no permission just install them and be done no more wasted money.

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You might be right but I suspect that if the municipalities don't want to play along, they could trigger expropriation proceedings for every single mailbox.

On a similar note, if it takes the feds nine years to install a few mailboxes, how many centuries will it take for their proposed high-speed rail? That needs canned asap. Carney is a pandering cuck.
 
How about if you complain your name gets posted publicly and everyone in the area has to go pick up the mail at Canada post. Then the neighbors can think about you while driving to get the mail.

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