Cutting costs and increasing prices is paying dividends for Canada Post.
A recently released report shows they made 194 million dollars before taxes last year – a significant improvement over 2013 where they showed a pre tax loss of 125 million dollars.
The report highlights three factors in their success, including an increase in parcel shipping, higher stamp prices, and lower costs from employee benefits.
A successful holiday season bootsed the number of parcels mailed by 7 million, bringing the total value shipped over 1 billion dollars – a first for Canada Post.
