Canada Post reports $62-million loss before tax in third quarter

Despite loss in traditionally soft quarter, Canada Post anticipates profitable 2017 largely due to parcel growth

OTTAWA, Nov. 24, 2017 /CNW/ – The Canada Post segment lost $62 million before tax in the third quarter, traditionally the postal service’s slowest period of the year. Year-to-date, the Canada Post segment is reporting a profit of $13 million before tax heading into the holiday season when millions of Canadians are expected to make an unprecedented number of purchases online. Continue reading

Canada Post reports a profit before tax in 2016 of $55 million after solid growth in parcels

OTTAWA – Canada Post’s commitment to help Canadian businesses grow through e-commerce led to strong growth in the Parcels line of business in 2016. By partnering with retailers to deliver innovative and convenient delivery, shipping and returns experiences to Canadians, the Canada Post segment solidified its position as Canada’s No. 1 parcel company. The Canada Post segment’s profit before tax of $55 million compares to a profit before tax of $63 million in 2015. Continue reading

Royal Mail faces strike threat after pension scheme closure

Royal Mail is facing the threat of industrial action following its decision to close its defined benefit pension scheme, affecting 90,000 members.

The privatised UK postal operator announced on Thursday that its £7.4bn defined benefit scheme will close to future accruals after March 2018, saying that “there is no affordable solution to keeping the plan open in its current form”.

Source: Royal Mail faces strike threat after pension scheme closure

Stamp collectors furious over pen strokes replacing date cancellations on Dutch stamps

Stamp collectors are furious at PostNL‘s decision to stop stamping the date on stamps and to strike them through with a pen instead.

‘It’s a disaster for stamp collectors,’ said Martijn Bulterman, chairman of the Dutch stamp traders association NVPH. By putting a pen stroke through the stamps they are ‘effectively being ruined’, Bulterman told the Telegraaf. Continue reading