Losing Money Is Our Business

Can we just defund this thing too? It’s broken beyond repair.

Canada Post reported a before tax loss of $315 million for the third quarter of 2024, widening its deficit by $25 million compared to the same period last year. The decline was attributed to ongoing challenges in its parcels segment, where revenue fell 5.8 per cent as volumes declined by 9.6 per cent. The report cited “a highly competitive and demanding parcel delivery market” as the key factor behind the drop.

18 Replies to “Losing Money Is Our Business”

  1. Me Missus worked for CP for 20 plus years. She’d come home some nights just shaking her head. She didn’t know what was more destructive, management or the union.

  2. Canada Post parcel service is way below industry standard. We’ve lived in the same house in Toronto for 22 years and not once has Canada Post delivered a parcel. They always leave a card directing us to pick up at a postal station, even on days we’re home and have the front door open with just the screen door so they can see we’re home. They must skulk up and slip the pickup note and then dart away quietly. It’s pathetic.

    We’ve never had this issue with any other parcel service. Just this week alone we had FedEx, UPS, Purolator, and a couple of vendors deliver no problem. It’s little wonder Canada Post delivery orders are down, because people like me tell online vendors not to use Canada Post or I won’t order from them.

    1. I’ve experienced that several times myself. Plus as I live in an apartment building, we have Canada Post parcel boxes, and they still would rather drop off a card.
      They have one F—-ing job.

  3. I tell vendors not to use FedEx, UPS, DHL, Purolator etc, and will not do business with them because each one of those has, on multiple occasions:
    1. Lied to me about where a package is, and lied to me about delivery attempts, or
    2. Tried to charge me a “customs brokerage fee” on customs-exempt items.
    USPS/CP>>Everyone else.

    You people are pathetic.

  4. It’s not ironic that CP basically had a balanced budget in 2015, with ever increasing massive annual losses every year since…….
    Virtually all of our communications are via email or phone. We never write or receive letters. That was my mom’s generation (the oldest boomers).
    All we receive in the mail are bills and junk mail. And many bills are via email now.
    CP needs to be drawn and quartered. It needs to get out of the parcel business and downsize, those losses aren’t sustainable, neither are the postal union deadbeats.

  5. Maybe we can talk to the guy who privatized Deutsche Post in the 1990s since it’s now a profitable business, or the guy who privatized Royal Mail in the 2010s?

    Instead we have a terrible postal service who’s primary business is delivery of unsolicited bulk mail (3985 million pieces at $954 million revenue), while occasionally delivering bills and letters(2,313 million pieces on $2424 million revenue). (2022 financial report)

  6. After finding their 2023 Annual report, they rated themselves as achieving their KPIs in:
    Fleet with Telematics installed, Employee Diversity, Greenhouse gas emissions, Waste diversion rate, Electric vehicle fleet, digital accessibility, indigenous procurement, enhanced postal services in indigenous communities, and removal of illicit products from the mail stream in indigenous communities.
    They didn’t meet their KPIs on Total injury frequency, per 100 employees year over year improvement, with excuses.
    They failed to meet the KPI on employee engagement, so they decided to not track that for 2024.

    Note that the core function of the business, Delivering mail on time at a reasonable rate while not losing money, was not one of the KPIs.

    I’m sure bonuses were paid all around to upper management, on their success at meeting the KPIs they chose.

  7. during covid l actually had one of them drop an item onto my driveway.
    apparently stuffing it in the letter slot l cut in the front door was contagious.

    then another one of them demanded l restore the exterior mailbox because apparently my doggie had such buck teeth they could bite all the way thru the door and both flaps inside and exterior.
    what about mail theft that prompted me to install the mail slot? no answer.

  8. A postcard from Spain to Canada is €1.5
    How long will Justaine leave the posties on the picket line? Till Christmas?

    1. Well, he’s telling “working Canadians” he’s giving them a $250 gift in April 2025. To make sure they’re suitably grateful, the cheque’ll be in the mail, rather than direct deposit. I expect the strike will be settled by then.

  9. Dump the Posties, empty the hotels of illegals, and put them to work at Canada Post. It would be win, win for everyone.
    By the way, is it true a couple of the CUPW demands are an 18% wage increase in year one, and on demand, free, sex change operations?

  10. I sell small items on E-bay – Camera stuff. Mostly front / rear caps, the odd lens. A small box 22 X 14 X 12mm with 1 kg…an Post $35.00..and the recipient likely has to go pick it up. Am now looking at the couriers for parcels….but what to do with letter mail..??

    I use the AMAZon blue/white Plastic bubble wrap type envelopes cut down to size for a simple shipment of say 1-2, 72mm Nikon Caps…Not something worthy of a courier. So letter mail will still be my method. Stamp for one such “envelope” costs me $ 2.09 & I expect that will increase.

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