GLS Sells US Freight Division to DC Logistics

Big news: GLS Group is selling its US freight divisions to DC Logistics. Here's what you need to know:

Key Facts:

• Sale includes GLS US Freight Inc and GLS US Business Solutions Inc
• Deal set to close September 1, 2024
• GLS aims to focus on core parcel offerings

This move reshapes GLS's US strategy and boosts DC Logistics' market position.

GLS's Perspective: Saadi Al-Soudani, GLS Group CIO, states:

"This sale marks an exciting milestone for GLS as we focus on expanding our core US domestic and international parcel offerings."

DC Logistics' Take: CEO Judas Castro sees this as a game-changer:

"This is a significant step to accelerate our journey to become a top 20 less-than-truckload carrier in the United States."

What's Next:

• Mountain Valley Express brand revival planned
• Seamless transition promised for clients and employees
• GLS to concentrate on growing US parcel delivery services

DC Logistics aims to crack the top 20 LTL carriers with this acquisition.

Industry Impact:

This deal could spark further consolidation in the freight sector as companies streamline operations.

Stay tuned for more updates as this story develops.

Source: Parcel and Postal Technology International