Royal Mail acquire Postal Express

No primary category set

Royal Mail’s General Logistics Systems (GLS) business has acquired the US overnight parcel delivery company, Postal Express.

Postal Express is a regional overnight carrier operating in the states of Washington, Oregon, and Idaho. Postal Express offers overnight parcel delivery, mainly to business-to-business customers, across a number of industries. This acquisition follows the purchase of Golden State Overnight Delivery Service Inc. (GSO), the regional carrier acquired by GLS in October 2016.

Royal Mail paid about $13.3 million (£10.6 million) for Postal Express, who generated revenue of approximately $42 million and delivered around 8.7 million parcels in the year ended 31 December 2016. Postal Express will be consolidated within GLS for reporting purposes but managed as a separate entity.

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

RELATED POSTS..

Royal Mail green surcharge doubles in 2024 price rises

Royal Mail green surcharge doubles in 2024 price rises

Royal Mail drop off at Collect+ stores

Royal Mail drop off at Collect+ stores

Royal Mail to prohibit all bladed items from April

Royal Mail to prohibit all bladed items from April

Cutting services won't make Royal Mail reliable

Cutting services won’t make Royal Mail reliable

Ofcom: Universal Postal Service could be cut to 3 deliveries a week

Ofcom: Universal Postal Service could be cut to 3 deliveries a week

ChannelX Guide...

Featured in this article from the ChannelX Guide – companies that can help you grow and manage your business.

Latest

Take a look through a selection of the latest articles on ChannelX

Register for Newsletter

Receive 5 newsletters per week

Gain access to all research

Be notified of upcoming events and webinars