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In 2023, Canada Post spent $4.9 billion on labour costs against $6.9 billion in revenue, with operating costs per hour for parcel delivery ranging from $50 to $60 versus industry benchmarks of $40 to $50. [9] Unlike many Crown corporations, Canada Post is not taxpayer-funded and must sustain itself entirely on its own revenues. [10] [11]
This created a 30-day backlog, causing Canada Post to temporarily suspend Canada-bound mail [43] and post $270 million in losses for 2018. [44] Canada Post struggled to adapt to the growth of e-commerce parcel delivery throughout the 2010s and 2020s, losing more than $3 billion between 2018 and 2024 and racking up over $1 billion in debts. [45]
Purolator Inc. is a Canadian courier majority owned by Canada Post. It was founded as Trans Canada Couriers, Ltd and acquired in 1967 by Purolator, a US manufacturer of oil and air filters. [3] In 1987, the company returned to Canadian ownership.
FedEx offers next-day air delivery to many EU countries. Cheaper 'by-road' options are also available, varying from two days' delivery time (such as France), to up to a week (former USSR countries). Large couriers often require an account to be held (and this can include daily scheduled collections).
The Canada Post counterpart is Lettermail. [70] The British Royal Mail's 1st Class, as it is styled, is simply a priority option over 2nd Class, at a slightly higher cost. Royal Mail aims (but does not guarantee) to deliver all 1st Class letters the day after posting. [71] In Austria priority delivery mail is called Prio, in Switzerland A-Post ...
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Most operators impose a limit on the amount of money that can be collected per delivery or per day using COD services. Limits may be higher for non-cash payments. Canada Post, for instance, applies a limit of C$1,000 for cash, but C$5,000 for payment by check or money order. [4]