Morning Minute | September 26, 2025
The Canadian government announced major reform for Canada Post including the end of most door-to-door delivery and reduced frequency, as part of a turnaround plan for the "insolvent" national carrier. This decision comes as the institution, suffering from an outdated business model and protracted labor disputes, is on track to lose US$1.1 billion this year alone, adding to US$3.6 billion in losses since 2018. Singapore’s Seatrium Ltd. has completed the sale of its Texas shipyard at the Port of Brownsville to Karpower Valley LLC for around $50 million. The 240-acre facility supports various…
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