this post was submitted on 12 Jan 2024
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Canada Post Inc. is selling off its third-party logistics business to a Montreal company, according to a media release Tuesday from the Crown corporation.

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[–] FfaerieOxide@kbin.social 33 points 10 months ago (3 children)

Canada Post recorded a $290 million loss in the third quarter of 2023, while its cost of operations rose by $26 million.

Services don't lose money, services are performed and they cost what they cost.

[–] Radicalized@lemmy.one 18 points 10 months ago

Yeah that’s insane. Canada Post isn’t supposed to make money.

[–] 9488fcea02a9@sh.itjust.works 5 points 10 months ago

Wtf, CBC.... You're both crown corps....

"CBC recorded a $xxx million loss" would be an equally stupid thing to say... These are gov't services to citizens

[–] corsicanguppy@lemmy.ca 4 points 10 months ago

This mirrors the enshittification of the USPS almost exactly.

It's getting hard to keep track of the current letters in-flight to our local representatives and just what half-assed response they've given if any.