TI: Royal Mail owner fails to publish financial results amid impending takeover bid
THE INDEPENDENT reports: The owner of Royal Mail has failed to publish its annual trading update, scheduled for ...
General Logistics Systems (GLS), the parcel and freight arm of Royal Mail, has decided it does not need a specialist parcel carrier to establish a nationwide network and connect to the US west coast.
Instead it is acquiring Alberta-based Mid-Nite Sun Transportation for C$360m (US$289.3m). Operating as Rosenau Transport, it is one of the largest independent trucking firms in western Canada, operating out of 24 facilities across four provinces.
It has 321 tractors, 1,183 trailers and 79 straight trucks and employs 707 ...
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