Canada Post Corporation - statistics & facts
Close to three-quarters of Canadians bought goods and services online. In 2022, digital buying in Canada had a penetration rate of 74.9 percent, amounting to around 28.8 million buyers. The boost in e-commerce, intrinsically linked to the COVID-19 pandemic, has triggered a growth in couriers and local delivery services in Canada. Worth over 19.3 billion U.S. dollars in 2022, the industry hauled over 1.6 billion parcels in 2022. The Canada Post Corporation transported 286 million of these parcels that year.
Canada Post Corporation—trading as Canada Post—is a Crown corporation that functions as Canada's primary postal operator. The company's annual revenue reached over 10.1 billion Canadian dollars in 2022 (approximately 7.37 billion U.S. dollars). Over 35 percent of Canada Post's revenues that year came from its parcel delivery activities, compared to just under 24 percent attributed to transaction mail. Canada Post Corporation was the parent company of two of Canada's leading parcel shipping providers, cementing its position as the country's primary service provider for e-commerce.
While Canada Post's revenue grew year-over-year in 2022, the distributed parcel volume dropped by just over twenty percent, down to 286 million units in 2022. In contrast, mail volume remained relatively steady despite the continuing fallout caused by the COVID-19 pandemic, experiencing only a slight decrease in volume. Despite its position as a Canadian market leader, the group recorded a net loss in 2022. The corporation's operating costs rose to 10.37 billion Canadian dollars that year (around 7.5 billion U.S. dollars), 270 million Canadian dollars over Canada Post's 2022 revenue.
Part of UPS and FedEx's success is due to the United States Postal Service (USPS). In 2022, FedEx was USPS's leading supplier, receiving nearly 2.2 billion U.S. dollars from the U.S. Mail. UPS also ranked among the top 10 suppliers that year, cementing its position in the U.S. and North American markets.
Canada Post Corporation—trading as Canada Post—is a Crown corporation that functions as Canada's primary postal operator. The company's annual revenue reached over 10.1 billion Canadian dollars in 2022 (approximately 7.37 billion U.S. dollars). Over 35 percent of Canada Post's revenues that year came from its parcel delivery activities, compared to just under 24 percent attributed to transaction mail. Canada Post Corporation was the parent company of two of Canada's leading parcel shipping providers, cementing its position as the country's primary service provider for e-commerce.
The Canadian Postal Leader
Canada Post and Purolator were the first and third parcel shipping providers in Canada in 2022, holding 31 percent of the market together. The Canada Post Corporation has over 90 percent of the Purolator shares and generated 27.6 percent of its annual revenue from the parcel shipping company. The corporation also attributes just under three percent of its revenue to SCI, a third-party logistics company.While Canada Post's revenue grew year-over-year in 2022, the distributed parcel volume dropped by just over twenty percent, down to 286 million units in 2022. In contrast, mail volume remained relatively steady despite the continuing fallout caused by the COVID-19 pandemic, experiencing only a slight decrease in volume. Despite its position as a Canadian market leader, the group recorded a net loss in 2022. The corporation's operating costs rose to 10.37 billion Canadian dollars that year (around 7.5 billion U.S. dollars), 270 million Canadian dollars over Canada Post's 2022 revenue.
Canada Post's Influence in North America
The Canada Post Group's leading position in the Canadian market is reflected in the North American market. Purolator was the third-leading courier carrier in the region in 2022, behind its U.S. competitors, FedEx and United Parcel Service (UPS). The U.S. companies were far ahead, with a difference in revenue of over 61.4 billion U.S. dollars between Purolator and second-in-the-ranking UPS. UPS was also the Canada Post Corporation's main competitor in the Canadian postal industry, holding some 28 percent of the 2022 market.Part of UPS and FedEx's success is due to the United States Postal Service (USPS). In 2022, FedEx was USPS's leading supplier, receiving nearly 2.2 billion U.S. dollars from the U.S. Mail. UPS also ranked among the top 10 suppliers that year, cementing its position in the U.S. and North American markets.
