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GLS acquires parcel service GSO
The GLS Group has become new owner of the regional next day parcel service Golden State Overnight Delivery Service Inc. (GSO), based in California.
GLS acquires parcel service GSO
The GLS Group has become new owner of the regional next day parcel service Golden State Overnight Delivery Service Inc. (GSO), based in California.
With around 13.5 million deliveries per year, GSO is a leading provider of regional next day delivery services in California. The company also operates in Arizona, Nevada and New Mexico. Focusing on next day delivery services, GSO also offers freight services, both primarily in the B2B segment.
Expanding in an attractive market
In the previous business year GSO generated revenue of approximately 114 million dollars. GLS acquired 100 per cent of the shares in GSO, paying a total consideration of about 80 million euros. With this targeted geographic expansion, GLS is now active in an attractive regional market, representing the world’s fifth largest economy.
GSO will be fully consolidated within GLS, but will be managed as a separate entity. The company was established in 1995, operates 36 facilities and employs a workforce of around 1,900.
GLS publishes second sustainability report
In its report “ThinkGLS. ThinkResponsible.” GLS provides information about its numerous sustainability activities in all its national subsidiaries.
GLS publishes second sustainability report
In its report “ThinkGLS. ThinkResponsible.” GLS provides information about its numerous sustainability activities in all its national subsidiaries.
The GLS Group continued these activities in the 2013/14 and 2014/15 financial years on an even wider basis. In focus: the agreement of economic, environmental and social issues.
Eco-balance: good progress
Thanks to environmental activities in all its divisions, GLS improved its eco-balance in numerous categories, even though the volume of parcels increased by nearly 15 per cent and GLS expanded its network by 21 new depots and about 1,000 vehicles.
- Consumption of heating energy: dropped by just under 9 per cent
- Water consumption: around 23 per cent less
- Transport vehicles with the Euro 4 standard and above: rose from around 77 to 84 per cent
Expansion of social activities
National subsidiaries of GLS support charitable local projects throughout Europe. The sustainability report provides a comprehensive overview of the Group’s social and fundraising activities.
GLS secures and increases the attractiveness of its workplaces, for instance through national training and professional development as well as through staff surveys. “Depot dialogues”, joint events and partnership programmes help to encourage a spirit of partnership when working with transport companies.
Fostering dialogue
The GLS sustainability report is oriented on the international standards of the Global Reporting Initiative (GRI). It is published every two years and contributes to dialogue between GLS, its dialogue groups and all stakeholders.