Deutsche Post Group has agreed to buy a 49-percent stake in Spanish
parcel carrier Guipuzcoana, with an option to purchase an additional 2
percent of the company in three years.
The deal gives Deutsche Post coverage in and access to the Spanish and
Portuguese small-shipment and freight markets, filling a final gap in the
German mail and logistics giant’s European delivery network.
Guipuzcoana, with nearly $200 million in annual revenue, offers parcels
and palletized freight transportation services through a network of more
than 60 offices in Spain and Portugal.
Analyst expect similar moves in Spain and Portugal from Deutsche Post’s
competitors.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
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The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now