Public services aren't meant to be profitable. They're meant to provide a service that serves the community.

And what as the RoI on the military?

If the point of something isn't to make money, judging it on how much money it makes is useless.

Bullshit. They cry bankrupt every time contract negotiations come up. They just wasted millions on those fucking useless C250 trucks that are so poorly designed that they can't hold large boxes. They aren't broke, there is no financial crisis, they just don't want to pay the people actually doing the work.

Public services shouldn't be profitable.

This is the best summary I could come up with:

In its annual report released late Friday afternoon, the company predicts "larger, unsustainable losses in future years" without major changes to its operating model.

Canada Post has struggled to compete post-pandemic with the rising number of new, privately owned delivery companies that use what it calls a "low-cost labour" business model.

"These competitors grew rapidly, leaning on their low-cost-labour business models that rely on contracted drivers to provide lower prices, plus greater convenience with evening and weekend service," the report said.

Earlier this year, the company sold off its IT and logistics departments as part of a transformation plan to save the beleaguered national mail service.

"Canada Post is committed to leading that change, building on the improvements we've made across the organization over the last few years," the company's president Doug Ettinger said in a news release.

CUPW and Canada Post are currently at the bargaining table to discuss the next collective agreement for workers, who are looking for cost of living increases.

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