Because of the sharp growth in the parcels business, Canada Post has gained a profit before tax of $74 million in 2017. And a large proportion of parcels revenue growth was from international shipments, which shows the important role Canada Post plays delivering for online shoppers and retailers both from the country and abroad.
In 2017, the Canada Post segment exceeded $2 billion in Parcels revenue for the first time. It has grown annual Parcels revenue by over $900 million since 2011, the year the Corporation aimed to focus on e-commerce. By meeting the increasing needs of Canadians, who use the postal service less for mail and more for e-commerce delivery, Canada Post became and remains the country’s No.1 parcel company.
Parcels resultsIn 2017, Parcels revenue from the Canada Post segment increased by $393 million or 23.1 per cent compared to 2016. Total Parcels volumes increased by 47 million pieces or 24.5 per cent. Parcels generated 33 per cent of the segment’s revenue in 2017, up from 28 per cent in 2016 and only 21 per cent in 2011.