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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[–] [email protected] 37 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.

[–] [email protected] 20 points 10 months ago

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

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