24
Canada Post selling off logistics business as part of effort to 'transform' Crown corp (www.cbc.ca)
submitted 10 months ago by sik0fewl@kbin.social to c/canada@lemmy.ca
9 comments fedilink hide all child comments

Canada Post Inc. is selling off its third-party logistics business to a Montreal company, according to a media release Tuesday from the Crown corporation.

you are viewing a single comment's thread
view the rest of the comments
[-] Poutinetown@lemmy.ca 25 points 10 months ago

If a company agrees to buy the business, then it means it has value for them. If that's the case, why can Canada Post not derive value from SCI, but Metro can? Also, what will they do with the money they earned - will they reinvest it in growing services that are highly in demand?

[-] NotMyOldRedditName@lemmy.world 10 points 10 months ago* (last edited 10 months ago)

They're gonna spend the money on a 3rd party logistics company that doesn't provide as good a service and ends up costing them 10x what they sold this for in yearly fees, delays, excess fuel usage etc. over a decade

[-] ILikeBoobies@lemmy.ca 4 points 10 months ago

The private company doesn’t have to worry about fair pay or safety

this post was submitted on 12 Jan 2024
24 points (100.0% liked)

Canada

7203 readers
179 users here now

What's going on Canada?

Communities

🍁 Meta

🗺️ Provinces / Territories

🏙️ Cities / Local Communities

🏒 SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer

💻 Universities

💵 Finance / Shopping

🗣️ Politics

🍁 Social and Culture

Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca

founded 3 years ago
MODERATORS
otter@lemmy.ca