Jersey Post launches joint venture with Estonia’s Freselle Logistics
Jersey Post and the Estonian freight company Freselle Logistics have set up a new joint venture, GTS Post, which will provide cross-border postal and logistics services. GTS Post’s services will include standard (untracked) mail delivery, registered, tracked, tracked and signed, and Express Mail Services (EMS) to both retail and business customers in the Baltic and Central and Eastern Europe. It will also provide Jersey Post’s existing customers improved services into this region and Russia.
Tim Brown, Chief Executive at Jersey Post, commented: “We continue to invest in our international strategy to ensure long-term revenue growth and stability for Jersey Post, as we continue to experience significant postal volume decline in our local market. This joint venture, GTS Post, provides an exciting opportunity to reach the lucrative Baltic markets including Russia, which are showing consistent growth in postal and courier services.”
GTS Post will be based in Tallinn, and the company will be run and managed by current Freselle Chief Executive Officer, Marko Lastik, and will use the existing facilities, resources and employees of Freselle Logistics to provide the cross-border line haul and network carriage services into, and out of Estonia.
The joint venture is scheduled to be operational from today (13 September).
