Facing the loss of Canada Post 2013

Recently, Canada Post said, facing the company. At present, and the government will discuss how to improve the cash reserve.
The group's financial report shows, the company's third quarter loss of $109000000, the main reason is the decline in the number of letters and the company paid $6000000000 pension deficit. Mail trading company quantity drops 7.3% compared to the same period, annual growth of 4.2% over the package business. The company's third quarter revenue of $1340000000, the estimated at $4300000000, and last year.
Up to now, Canada Post has emerged about C $134000000 loss, which in 2012 than the same period of $298000000 loss has been greatly reduced. However, the company will mail sorting facility in downtown Vancouver is sold for $109000000, otherwise the loss this year will reach $243000000.
The company's core message business, due to cut staff costs, in the third quarter loss of $129000000, compared to the same period last year loss of $161000000.
The parcel business has benefited from the growth of electronic commerce, the third quarter compared with the same period last year more than 1000000 package delivery, an increase of 4.2%, 11.2% revenue growth. In the first 9 months of this year, the package volume grew 2.8%, but still can not offset the negative impact brought about by mail.
Mail service, such as letters, bills and statements, bring 50% benefits to Canada post. But the third quarter compared with the same period last year to reduce the 73000000, the first 9 months of year-on-year decrease of 184000000. Direct mail advertising income declined in the third quarter of 2.5%, the number of year-on-year reduction of 0.7%.
Canada Post labor costs in the third quarter fell $22000000, or 2.9%, the first three quarters of the total dropped $65000000, or 2.7%.
MYEX Minya Express International
2014-01-04