Private delivery firms like UPS and FedEx are gaining market share in Canada due to Canada Post strikes.

Private parcel carriers like UPS and FedEx are gaining ground in Canada’s $17 billion delivery market as Canada Post faces labor turmoil due to strikes over pay. Small businesses are turning to private carriers for timely deliveries, even at a higher cost, to avoid disruptions. FedEx anticipates increased demand due to Canada Post’s issues and may adjust operations accordingly. Small businesses like YYC Beeswax are switching to private carriers for reliable service after suffering losses during last year’s strikes. The Canadian Federation of Independent Business reports over $1 billion in lost sales for small and medium-sized businesses due to the strikes. Canada Post’s market share has dropped significantly, losing $208 million during last year’s 32-day strike, with potential for further decline if labor disputes continue.

Read more at Yahoo Finance: Private delivery firms eye bigger market share as strikes plague Canada Post