CALGARY- Canada Post used to be the lifeline for information—but times have changed since the late 1800s. Now, the company is looking at what changes need to be made, so it doesn’t become obsolete.
Executives are making their way across the country, holding meetings to find ways to become more profitable. Since 2006, the amount of mail being delivered is down by one billion pieces—which means they’ll lose a billion dollars a day if things don’t change by 2020.
Get weekly money news
“We just want to make sure that we’re relevant in the future,” explains Canada Posts’ Mike Shearon, adding they’ve already gotten some good feedback.
- IBC estimates $230M in insured damage claimed from Edmonton storms
- Alberta First Nation sues Ottawa over $5 treaty annuity, argues amount stuck in 1899
- Jobs hang in the balance as Ekati diamond mine in N.W.T. closing early
- WestJet flight attendants hold information pickets as strike vote takes place
“Some of those were moving from door-to-door delivery to community mailboxes, alternate day delivery, reduction in the number of corporate outlets and going to more retail franchises.”
Canada Post says the needs of cities are different from rural areas, which rely on them to stay connected.
Comments
Want to discuss? Please read our Commenting Policy first.