Canada Post Cuts Delivery to Save Money

Canada Post is transforming mail delivery in Calgary by installing community mailboxes for 33,000 homes, part of a sweeping five-year plan to slash costs and reverse massive financial losses. Facing a record $541 million loss last year and over $5 billion since 2018, the company plans to convert four million addresses — saving nearly $400 million annually — while cutting delivery expenses by shifting to ground transport and closing rural post offices. Retail revenue has also plummeted 30% since 2021, forcing urgent operational changes to stay afloat. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/46cd26b352f7a8c5