Purolator shakeup sparks talk of closer ties with FedEx - Globe and Mail
Purolator Courier Ltd., Canada’s largest courier company, has let go of eight top executives in a housecleaning it says will simplify its management ranks, but one that rivals suspect may herald much closer ties with U.S. package delivery giant FedEx.
The management shakeup comes barely two months after Canada Post Corp., which owns 91 per cent of the Mississauga, Ont.-based company, installed veteran FedEx executive Thomas Schmitt as Purolator president and chief executive officer.
The moves come as Canada Post struggles to leverage Purolator’s leading market share in the intensely competitive courier business. In addition to competing with Canada Post, Purolator also competes in various services with FedEx, United Parcel Service, DHL and Canpar.
Purolator Courier Ltd., Canada’s largest courier company, has let go of eight top executives in a housecleaning it says will simplify its management ranks, but one that rivals suspect may herald much closer ties with U.S. package delivery giant FedEx.
The management shakeup comes barely two months after Canada Post Corp., which owns 91 per cent of the Mississauga, Ont.-based company, installed veteran FedEx executive Thomas Schmitt as Purolator president and chief executive officer.
The moves come as Canada Post struggles to leverage Purolator’s leading market share in the intensely competitive courier business. In addition to competing with Canada Post, Purolator also competes in various services with FedEx, United Parcel Service, DHL and Canpar.