GLS acquires US courier Postal Express

Royal Mail has announced that its subsidiary, GLS, has agreed to acquire Canadian logistics company Rosenau Transport.

Royal Mail has announced that its subsidiary, General Logistics Systems (GLS), has acquired US overnight parcel delivery company Postal Express for approximately $13.3m.

Postal express works across Washington, Oregon and Idaho, mainly offering B2B services. It delivered around 8.7m parcels in 2016, generating revenues of approximately $42m. Postal Express will be consolidated within GLS for reporting purposes but will be managed as a separate entity.

GLS previously purchased Golden State Overnight Delivery service in October 2016 and Rico Back, CEO of GLS group said: “The acquisition of Postal Express is in line with GLS’ strategy of careful and focused geographic expansion.”

Source: Royal Mail Group