Canada Post’s Chopra Pushes Online Carts Over Letters

Canada Post Corp. Chief Executive Officer Deepak Chopra is betting services such as delivering packages to online shoppers will help make up for a decline in its traditional mail business.

Chopra, who took over the money-losing Ottawa-based postal agency about three years ago, is testing services such as “Delivered Tonight” to capitalize on the surge in Internet-based retailing. He says he wants to return the government-owned agency to financial stability within five years.

“We’re moving from the letterbox to a cart,” Chopra said in a May 1 interview at Bloomberg’s Toronto office, referring to the way online shoppers keep purchases before having them shipped. “What’s happening now is a bit of a race to reposition our business from letters to parcels.”

Read more: Canada Post’s Chopra Pushes Online Carts Over Letters – Bloomberg.