Canada Post: Unionized workers to start voting on contract offer

5 days ago

Unionized workers at Canada Post begin voting on the Crown corporation's latest contract offer today.
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The Canadian Union of Postal Workers is urging they reject the proposal.
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Canada Post is at an impasse with the union representing roughly 55,000 postal service workers after more than a year and a half of talks.
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The vote comes after federal Jobs Minister Patty Hajdu asked the Canada Industrial Relations Board to step in and put the Crown corporation's latest offer to a vote.
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United Rentals Reports Strong Q2 2025 Results

Globe and Mail

37 minutes ago

Globe and Mail

United Rentals Reports Strong Q2 2025 Results

United Rentals ( (URI)) has released its Q2 earnings. Here is a breakdown of the information United Rentals presented to its investors. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. United Rentals, Inc. is the world's largest equipment rental company, operating across North America, Europe, Australia, and New Zealand, providing a wide range of rental equipment to construction, industrial, and other sectors. In its latest earnings report, United Rentals announced a strong performance for the second quarter of 2025, with total revenue reaching $3.943 billion and a net income of $622 million. The company also raised its full-year guidance and increased its planned share repurchases by $400 million to $1.9 billion. Key financial highlights include a 6.2% year-over-year increase in rental revenue, a 3.3% rise in fleet productivity, and an adjusted EBITDA of $1.810 billion. The company's specialty rentals segment saw a significant 14.0% revenue growth, while the general rentals segment increased by 2.7%. Despite a slight decrease in net income margin due to inflation and cost variability, United Rentals maintained a solid financial position with a net leverage ratio of 1.8x and total liquidity of $2.996 billion. Looking ahead, United Rentals remains optimistic about its growth prospects, driven by strong customer demand and strategic capital allocation, as it continues to focus on delivering value to shareholders through profitable growth and enhanced free cash flow.