There are a lot of things going on around FedEx these days. Not long after they rolled out the Returns Technology for online retailers faced with high returns volume, they bought P2P Mailing.
Hell-bent on securing their position in cross-border eCommerce, FedEx paid £92 million to acquire P2P Mailing, an international UK-based parcel delivery company.
The multinational courier company said this move is aimed at expanding their current offerings to the growing eCommerce market, allowing them to draw on P2P’s wide range of capabilities and tap into the latter’s massive customer base.
P2P is known for providing e-tailers last-mile delivery services worldwide, hence the reason they were considered a worthwhile addition to the growing portfolio of FedEx, and an effective means of achieving the firm’s goal of becoming the go-to place for online retailers seeking reliable courier service.
The Hut Group, Marks & Spencer, and Feelunique are amongst P2P’s top clients.
Carl W. Asmus, president, and CEO at FedEx Cross Border said:
“Global e-commerce continues to grow at a rapid pace, and more and more merchants, marketplaces, e-commerce and social platforms are looking for innovative, cost-effective ways to get merchandise from distribution points in one country to customers in another. By adding P2P to the FedEx portfolio, we will be able to effectively serve even more elements of the e-commerce market.”
Headquartered in Laidon, P2P Mailing will operate as a subsidiary of FedEx Cross Border within the FedEx Trade Networks operating company.
It looks like FedEx are directing all their efforts at producing clear-cut solutions to the challenges facing online retailers such as shipping and fulfilment.
What do you wish they’d do next? Share your thoughts in the comments below.
To your continued success,
Dave & Matt