Canada Post will launch weekend parcel delivery in Ottawa, Montreal, and Toronto by year-end, following a 20.7% Q2 parcel revenue jump and a new labor contract.
The brief
Canada Post reported a Q2 pre-tax loss of $199.7 million, improving from a prior year's $300 million loss, due to a ratified labor contract that restored customer confidence and improved operational productivity by 6.3%. This stability enabled a 15.6% increase in parcel volume and a strategic expansion into weekend service to capture more e-commerce demand against private sector carriers.
Takeaway
Shippers and 3PLs targeting Canadian e-commerce fulfillment should re-evaluate Canada Post's weekend service capability in key markets, especially for time-sensitive deliveries, as it expands its parcel network against competitors.
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https://www.freightwaves.com/news/canada-post-to-launch-weekend-parcel-delivery-by-years-end