Canada Post long ago made deep cuts in its bloated workforce and has since kept labour costs down, and Ottawa helped the corporation cut costs further by approving community mailboxes. The Canada Post Group of Cos., as it’s formally known, last week reported that its 2017 profits jumped 78 per cent, to $114 million. If Canada Post was a publicly traded company, rather than a crown corporation, its latest earnings report would be described by Bay Street analysts as “blowing the doors off.”It may be that the inquiry into USPS’s finances recently called by U.S. President Donald Trump is politically motivated, specifically at Amazon.com Inc. CEO Jeff Bezos. There are 435 members of the U.S. Congress standing guard over every post office at a dusty crossroads that USPS tries to close. And Canada Post was early among its global peers in seizing on the potential of e-commerce, a then-nascent trend that it has since ridden to consistent profit as Internet shopping has gained momentum.

Source: thestar May 07, 2018 09:56 UTC