The Canada Post segment recorded a loss before tax of $135 million in the third quarter, which is traditionally our softest quarter. Growth in parcels volumes only partially offset declines in mail volumes.
For the first three quarters of 2019, the Corporation recorded a loss before tax of $162 million.
Revenues decreased by $44 million or 2.8 per cent in the third quarter compared to the same period in 2018, and fell by $71 million or 0.9 per cent in the first three quarters compared to last year.
- Parcels volumes increased by 4 million pieces or 6.1 per cent in Q3 2019.
- Revenue increased by $22 million or 3.9 per cent.
- Domestic Parcels volumes and revenue increased by 3 million pieces (6.9 per cent) and $18 million (4.2 per cent), respectively.
- Canada Post remains the leading e-commerce delivery company in Canada.
Transaction Mail results
- Volumes fell by 80 million pieces or 11.3 per cent.
- Revenue decreased by $49 million or 7.5 per cent.
- The rates of decline in 2019 are partially explained by higher revenue and volumes in the first three quarters of 2018 due to provincial and municipal elections.
Direct Marketing results
- Direct Marketing volumes decreased by 32 million pieces or 2.9 per cent.
- Revenue decreased by $14 million or 5.4 per cent.