Audio clip NAT037

NAT037 – (Canada-Post)
MONTREAL. x–18s. Experts say Canada Post needs drastic measures to stop the fiscal bleeding and revamp its operations after a tough decade. Last year, the Crown corporation lost three-quarters of a billion-dollars on the back of changing consumer habits and competitors gobbling up more of the parcel market. That has experts calling for drastic measures, including higher stamp prices, a more efficient delivery network and expansion into new fields. But as Canadian Press reporter Christopher Reynolds explains, there’s a bright spot at Canada Post: Purolator.
(“..could expand on.”) (SOURCE:The Canadian Press)

TAG: A professor at Carleton University’s Sprott School of Business, says investing in adjacent areas such as food delivery or partnering with rivals like U-P-S on last-mile shipments offer two opportunities, given Canada Post’s vast network of outposts and workers.

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The Canadian Press broadcast team