The chair of Canada Post’s board of directors says the organization is at a critical juncture.
Andre Hudon says the post office’s current financial situation is unsustainable, and significant changes will have to be made to preserve Canada’s only nation-wide delivery system.
Letter mail, once the leading revenue generator, has dropped from 5.5-billion letters a year to only two-billion over the past two decades.
About a decade ago Canada Post shifted its priority to package delivery, but Hudon says its out-moded systems mean it’s continually losing market share to other services.