GLS buys Postal Express

GLS buys Postal Express

Royal Mail’s General Logistics Systems (GLS) has bought the US-based overnight parcel delivery company, Postal Express. Postal Express operates in the states of Washington, Oregon, and Idaho, mainly working with business-to-business customers.

This latest acquisition follows on from the GLS purchase of Golden State Overnight Delivery Service (GSO) in October.

The total consideration paid for 100% of the shares in Postal Express is approximately $13.3m (around £10.6m).

Postal Express generated revenue of around $42m and delivered around 8.7m parcels in 2016.

In a statement sent to Post&Parcel today (6 April), Royal Mail said that Postal Express will be consolidated within GLS for reporting purposes but managed as a separate entity.

Rico Back, Chief Executive Officer, GLS Group, commented: “The acquisition of Postal Express is in line with GLS’ strategy of careful and focused geographic expansion.”

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PasarEx is a Colombian company that provides international express transportation services for air cargo, packages and documents, and last mile services for electronic commerce platforms. PasarEx is positioned in the logistics market in Colombia due to its rapid response and personalized attention and the use […]

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