GLS Group, a US-based logistics company owned by International Distribution Services – which also owns Royal Mail in the UK, has announced the sale of GLS US Freight and GLS US Business Solutions, its US freight divisions, to DC Logistics.
In its announcement, GLS US said that the transaction is consistent with its strategy to ‘focus on its core parcel offering as the business seeks to reinforce its position as the preferred parcel delivery provider for US customers’. It noted that ‘freight services provided in other markets where GLS operates will be unaffected’.
Saadi Al-Soudani, chief international officer at GLS Group, said: “This sale marks an exciting milestone for GLS as we focus on expanding our core US domestic and international parcel offerings. The GLS commitment remains to provide its parcel customers with exceptional quality and service as well as grow GLS US as a leading parcel delivery service provider in the American market.”
Judas Castro, CEO of DC Logistics, added: “We are thrilled to welcome GLS US Freight and GLS US Solutions into our team. This is a significant step to accelerate our journey to become a Top 20 less-than-truckload carrier in the United States and it will enhance our value proposition to our customers while positioning our company and our employees for new levels of success. We intend to revive the Mountain Valley Express brand known for its history of excellence in customer service.”
According to GLS, the sale is set to officially close on 1 September 2024, subject to customary closing conditions.
Following the undeniable success of IntraLogisteX 2024 in the UK, the exhibition is heading across the Atlantic later in the year, with IntraLogisteX USA taking place on 22-23 October 2024 at Miami Beach Convention Centre.
Click here for more details and to register!
Plus, the Supply Chain Excellence Awards are also heading stateside as Miami welcomes the very first Supply Chain Excellence Awards USA on 21 October 2024.
For more information about the awards, categories and how to enter, click here!
