Jersey Post has announced an investment in US business Global eParcel Solutions (GePS), based in Miami.
The deal forms part of a plan by the postal service to address the long-term terminal decline in domestic mail volumes.
Jersey Post began looking for opportunities outside the local market last year. It acquired freight and logistics company Fraser Freight and commercial customs clearance broker HICS Worldwide, both based in the UK.
Tim Brown, Chief Executive at Jersey Post, said: “As a locally grown business, we have a duty to evolve our services to meet the changing needs of Jersey-based customers and businesses.
“Not only does the investment in GePS provide extended, international services to fulfil the needs of Jersey businesses wherever they operate, but it will also provide valuable returns to support our on-island delivery network.”
GePS provides worldwide postal and commercial services for wholesale and retail companies, predominantly in the US. It handles international cross-border issues for the business-to-consumer market, freight-forwarding services to US and Australasian destinations, and fulfilment services for customers and businesses in North America.
The investment takes immediate effect but has no impact on reporting structure or headcount for either companies.