Jersey Post invests in US business
The Jersey Post Group has invested in Miami-based Global eParcel Solutions (GePS). In a statement sent to Post&Parcel today (28 February), Jersey Post said that the deal was part of its plan to “address the long-term terminal decline in domestic mail volumes” by diversifying and identifying new opportunities.
“The US market shows potential for considerable growth in the next 5 years which makes it an attractive location for postal and logistics providers, but it also presents a number of challenges to new market entrants,” said Jersey Post.
“Investing in an existing business provides Jersey Post with existing, proven experience, infrastructure and knowledge to allow for successful commercial growth across the company’s range of services.”
Commenting on the GePS investment, Tim Brown, Chief Executive at Jersey Post, said: “We recognize that our primary base and market is Jersey. As a locally grown business, we have a duty to evolve our services in order to meet the changing needs of Jersey-based customers and businesses. Not only does the investment in GePS provide extended, international services to fulfil the needs of Jersey businesses, wherever they operate, it will also provide valuable returns to support the ongoing and long-term provision of our on-island delivery network.”
GePS provides postal and commercial solutions for wholesale and retail companies predominantly in the US. Its activities are focused on the areas of international cross-border services for the B2C market, freight forwarding services to US and Australasian destinations and fulfilment services for customers and businesses in North America.
Tom Alfonso, Managing Director of GePS, added: “This investment is hugely exciting for us and our business. Not only does it us support our desire for global expansion, in particular through Europe, but it also strengthens our organizational structure, providing access to an extended range of skills and support services to strengthen our own business development.”
Miami – GePS’s home town – is currently hosting the World Mail & Express Conference & Exhibition at the Biltmore Hotel. Today’s sessions will include a special regional focus on Latin America as well as presentations on market disruption, cyber security and the search for a universal addressing approach.