Ive said before, many times in fact, that Canada Post is a huge cash cow, and it is precisely because it is a huge cash cow that its being privatized. It is precisely because Canada Post earns enormous profits that postage rates have increased steadily, sometimes twice per year, despite all the huge profits. This shameless management practice has allowed non-unionized, private companies like Purolator and FedEx to become competitive. Quite a few people thought Canada Post was actually losing money and didnt believe me when I said that on the contrary they were making money hand over fist. The information is public, but I had to piece it together from a number of sources. Here you go . . . Canada Post and Profits: 1990-2012 (losses in brackets) 2013 - (125 million) 2012 - 94 million 2011 - (188 million) 2010 - 314 million 2009 - 281 million 2008 - 90 million 2007 - 54 million 2006 - 119 million 2005 - 199 million 2004 - 147 million 2003 - 253 million 2002 - 71 million 2001 - 67 million 2000 - 84 ,million 1999 - 75 million 1998 - 36 million 1997 - 112 million 1996 - 28 million 1995 - (69 million) 1994 - (270 million) 1993 - 26 million 1992 - (128 million) 1991 - 14 million 1990 - 149 million *Total profit: 2,213 million **Total losses: 780 million Difference: 1.433 billion profit.
Posted on: Tue, 07 Oct 2014 00:47:46 +0000
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