Canada Post strike; Payment delivery

LrgCar said:
Seems like this strike is lasting longer than expected, how is everyone dealing with their US payments? seems like everyone is using snail mail to pay Canadian carriers.
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Based on past postal work stoppages in this country, the shortest was 35, before the union was legislated back to work and back then both sides where closer than they are today. We've had ones in the past that exceeded 35 days. I'm expecting this one to last until AFTER the holiday season. They walked at this time of the year to make a point. They aren't going to voluntary go back to work unless their labor demands are met, and from what I hear CP has no immediate intentions of meeting the demands of the union. They are still miles apart as of this a.m. as per word on the street.

Best time to make a impact is peak season... lose 3 bil over a few years... market share drops to under 29% and posties want more money... and we wonder why Canada post has issues... its pretty damn obvious.
 
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EricG said:
Based on past postal work stoppages in this country, the shortest was 35, before the union was legislated back to work and back then both sides where closer than they are today. We've had ones in the past that exceeded 35 days. I'm expecting this one to last until AFTER the holiday season. They walked at this time of the year to make a point. They aren't going to voluntary go back to work unless their labor demands are met, and from what I hear CP has no immediate intentions of meeting the demands of the union. They are still miles apart as of this a.m. as per word on the street.

Best time to make a impact is peak season... lose 3 bil over a few years... market share drops to under 29% and posties want more money... and we wonder why Canada post has issues... its pretty damn obvious.
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Buddy is part of the union.

They are absolute miles apart on the raise situation according to the updates he's getting from the union reps.
 
Shakey said:
And what will be left when they come back? There has been little uproar in Canada, so Ecommerice has found a way around.
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The only people this directly effects is people living in the rural areas.

Anyone in the cores are unaffected. UPS/FedEx/Amazon have taken all the packages business from Canada Post. I can't remember the last time i got a package delivered by Canada Post.

But that is also the heart of the problem. The packages in the core are profitable, the ones to rural cities are much harder to break even/profit on.
 
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Fr8Guru said:
The only people this directly effects is people living in the rural areas.

Anyone in the cores are unaffected. UPS/FedEx/Amazon have taken all the packages business from Canada Post. I can't remember the last time i got a package delivered by Canada Post.

But that is also the heart of the problem. The packages in the core are profitable, the ones to rural cities are much harder to break even/profit on.
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This affects a lot of people who rely on postal mail, we have 150K+ a week that comes by mailed cheques. Folks have cheques for benefits, tax refund cheques,bills/credit card statements, passports and other critical items that depend on CP I could go on and on. This isn't just a "rural" issue. If CP depended on just servicing rural customers it would have been long gone.
 
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Shakey said:
And what will be left when they come back? There has been little uproar in Canada, so Ecommerice has found a way around.
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Exactly... the fact that this isn't daily news about the CP Strike, just tell me that isn't not going to be ended via legislation, the public outcry doesn't exist this time around.
 
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Another telling tale is that CP is spending money adverting that you can reach Santa Clause via Email this year, instead of mailing your christmas list.... tells me that even CP knows its gonna drag out and wanted to avoid the bad PR of a kids xmas list not reaching santa, hence the ad campaign they started running in late early november about emailing santa.
 
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The post office simply isn’t the essential service it once was. On line shopping with virtually instant deliveries through courier services, direct bank deposits of government and employers payments and the ability to pay every utility, etc. on line has reduced or even eliminated people’s reliance on the Post Office. The writing is on the wall, either re-invent themselves through new offerings, or face the fact that they are an antiquated and out of date institution.
 
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Im flipping over to ACH- will save 200,00 a week in cost... Free with the bank so why not.
 
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bchar said:
Im flipping over to ACH- will save 200,00 a week in cost... Free with the bank so why not.
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How are you doing that? i spoke to RBC and they told me only US domiciled banks can accept ACH and getting the money over to your Canadian account is another challenge.
 
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Yes, I remember the uproar, when I was kid, that every Canada Post strike caused. It was always the number one item on the news. Now the strike barely makes the news at all. My guess is that Canada Post is not long for this world, and in about five years from now, if we need to send something to anywhere we’ll have to pay some serious change to do it. Maybe that’s as it should be. Canada Post will be privatized.. sold off or shuttered. Welcome to the gig economy.

In the meantime, I’m sending checks via email… I copy the check and email it.. some people won’t accept that, but most will. It also beats paying $1.40 to mail it.

As for EFTs to the US.. last time I broached the subject I got “my nephew Billy shot one up in Maine last year”… I sent him a check.
 
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Getting payments from the USA based entities is HUGE problem with CP strike. Only few of our debtors use the option of e-checks via Payment Deluxe. SO there are some options for them to pay electronically.
Majority don't give a crap of CP strike and continue throwing the envelops in the mail. In our books 1 out of 3 brokers are paying us via TriumphPay; we spoke to them but they would not even think of finding the alternative payment method. They, Americans don't give much respect or consideration to our, Canadian problems, even when it comes to owing us money. That's frustrating, as we are simply seeking for a payment for the rendered services.

We'll wait couple of more weeks then will proceed with Surety Bond filings against all past due invoices. Maybe that will shake them up a bit. In the end, it is their responsibility to deliver the payment.
 
economy said:
Getting payments from the USA based entities is HUGE problem with CP strike. Only few of our debtors use the option of e-checks via Payment Deluxe. SO there are some options for them to pay electronically.
Majority don't give a crap of CP strike and continue throwing the envelops in the mail. In our books 1 out of 3 brokers are paying us via TriumphPay; we spoke to them but they would not even think of finding the alternative payment method. They, Americans don't give much respect or consideration to our, Canadian problems, even when it comes to owing us money. That's frustrating, as we are simply seeking for a payment for the rendered services.

We'll wait couple of more weeks then will proceed with Surety Bond filings against all past due invoices. Maybe that will shake them up a bit. In the end, it is their responsibility to deliver the payment.
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That is an interesting use of the Surety Bond provision. I doubt very much however, that it will produce the desired result. Please let us know how you make out with that approach. It may result in a duplicate cheque created and a phone call saying, “your cheque is ready, come and get it”. Which is better than nothing, I suppose.
 
economy said:
Getting payments from the USA based entities is HUGE problem with CP strike. Only few of our debtors use the option of e-checks via Payment Deluxe. SO there are some options for them to pay electronically.
Majority don't give a crap of CP strike and continue throwing the envelops in the mail. In our books 1 out of 3 brokers are paying us via TriumphPay; we spoke to them but they would not even think of finding the alternative payment method. They, Americans don't give much respect or consideration to our, Canadian problems, even when it comes to owing us money. That's frustrating, as we are simply seeking for a payment for the rendered services.

We'll wait couple of more weeks then will proceed with Surety Bond filings against all past due invoices. Maybe that will shake them up a bit. In the end, it is their responsibility to deliver the payment.
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You may as well close the door if you pull that stunt. Just saying that I know if you pulled it on us you would hit the DNU list so fast it would make my head spin never mind yours. How is it the brokers issue to make sure you get your cheque when the mail is on strike? Entitled much maybe they should just drive the cheques to you being such an important person and all. Good god get a grip on yourself you ain't that special. Surety bonds for past due in a mail strike that is rich..
 
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economy said:
Getting payments from the USA based entities is HUGE problem with CP strike. Only few of our debtors use the option of e-checks via Payment Deluxe. SO there are some options for them to pay electronically.
Majority don't give a crap of CP strike and continue throwing the envelops in the mail. In our books 1 out of 3 brokers are paying us via TriumphPay; we spoke to them but they would not even think of finding the alternative payment method. They, Americans don't give much respect or consideration to our, Canadian problems, even when it comes to owing us money. That's frustrating, as we are simply seeking for a payment for the rendered services.

We'll wait couple of more weeks then will proceed with Surety Bond filings against all past due invoices. Maybe that will shake them up a bit. In the end, it is their responsibility to deliver the payment.
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so just to confirm, what service exactly did your firm render @economy?
 
We are trying out a firm called tryVault to setup a US Domiciled account that can receive ACH and we can then wire the money to our USD account at our Canadian bank, if anyone has any experience or would like to try a similar solution message me directly, as this may be a gamechanger for receiving USD from your American clients.
 
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