News
GLS Group Announces Strategic Sale of US Freight Division to DC Logistics
12-Aug-2024 | Oude Meer
- GLS US is divesting its freight operations, GLS US Freight Inc. and GLS US Business Solutions Inc., to DC Logistics LLC.
- This strategic move allows GLS US to concentrate on expanding its core parcel operations, enhancing its focus on becoming a leading parcel delivery provider.
Oude Meer, August 12, 2024 - GLS Group announces the sale of GLS US Freight Inc. and GLS US Business Solutions Inc., its US freight divisions, to DC Logistics LLC., known for its high-quality Less-than-Truckload (LTL) trucking and warehousing solutions.
The transaction is consistent with GLS US’ 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. Freight services provided in other markets where GLS operates will be unaffected.
Saadi Al-Soudani, Chief International Officer, 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, DC Logistics, said: “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 LTL 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.”
The sale of the GLS US freight division is set to officially close on 1 September 2024, subject to customary closing conditions. Both GLS and DC Logistics will collaborate to ensure a seamless transition for US freight clients and employees.
GLS US extends its gratitude to its clients for their loyalty and business, as well as to the employees joining DC Logistics, for their dedication and valuable contributions.
About GLS Group
GLS Group is one of the largest parcel services providers in Europe, with a strong local presence in almost all countries across the continent. It also operates through wholly-owned subsidiaries in Canada and on the USA’s West Coast within one GLS network. Notwithstanding the divestiture of its US freight activities in the Southwest US, GLS will continue to be active in the American market through its core US parcel activities that operate under General Logistics Systems US, Inc.. This allows GLS to seamlessly connect its customers and communities with millions of parcels and stories every day. GLS’ network connects its markets with high velocity and flexibility to respond to their fast-changing and dynamic nature. The company provides its customers across 40 countries high-quality service that best suits their needs. The GLS network consists of over 120 hubs and more than 1,600 depots, supported by more than 36,600 walkers, light vehicles and vans, and 6,500 trucks. This offers network resilience, superior flexibility, and extended reach. In 2023/24, GLS generated record revenues of 5.6 billion euros and delivered 905 million parcels across the markets. For more information, visit www.gls-group.com.
GLS Group Media Contact
Press@gls-group.com
About DC Logistics
DC Logistics provides LTL and warehousing services in California, Arizona, Nevada as well as warehousing services in Oregon and Texas, with an extensive profile of services readily available to meet customer supply chain needs. Our growing experience and understanding of the market, coupled with our outstanding carrier relationships, allows us to tailor services to fit our customers specific needs. We do ordinary things extraordinarily well for the best shippers. For more information, visit dclogistics.com.
DC Logistics Media Contact
Info@DC-Logistics.com