2014/05/22
Canada Post has released its 2014 first-quarter results, which report a loss before tax of $27 million for the Canada Post segment.
Transaction Mail volumes continued to decline, falling 6.9 per cent, while Domestic Parcel volumes for the Canada Post segment rose by 4.9 per cent, lifted by growth in online shopping.
Together, the decline in bills and statements being mailed and the growth driven by online shopping reflect Canadians’ continuing shift in the use of postal services, and the Corporation’s key role in enabling the success of the fast-growing online retail sector.
In the first quarter of 2014, parcel revenue for the Canada Post segment increased by $23 million, or 7.1 per cent. Domestic Parcels, the largest product category, continued to show positive results as revenue increased by $14 million and volumes grew by more than 1.2 million pieces, or 4.9 per cent, compared to the same period the prior year.
Transaction Mail revenue however decreased by $50 million, or 6 per cent, in the first quarter as volumes fell by 79 million pieces, or 6.9 per cent.
Read the news release for more information.