News / LaserShip advances national parcel network ambitions with OnTrac takeover

© Chormail

Parcel delivery firm LaserShip has taken a huge step towards establishing a US-wide network with the $1.3bn acquisition of OnTrac, another large regional player.

They are the two largest regional parcel players in the US, each offering one- and two-day delivery contracted through third-party final-mile carriers. With no transport assets, they have combined annual revenues of $1.7bn.

LaserShip’s network spans 23 states in the east, from Maine to Florida and as far west as Indianapolis, while OnTrac covers eight states in the west, ...