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Jersey Post has bought premium European logistics company Fraser Freight.
The company says it represents an exciting opportunity to expand its current business operation both within, as well as outside of the Channel Islands.
In particular, Jersey Post says the acquisition "will serve to strengthen its current range of European shipping lanes by providing access to new routes into multiple European countries.
Jersey Post’s Ship2me customers will also stand to benefit from a quicker delivery service to the Channel Islands when the UK shipping service moves to the Fraser Freight warehouse in September. This move will facilitate quicker, easier deliveries into the warehouse from UK retailers, as well as the introduction of daily shipping services to the Channel Islands."
Tim Brown, Chief Executive at Jersey Post commented, “2016 is one of the most financially challenging years yet for Jersey Post, and we must find secure, profitable opportunities that can help us to build on our existing core skills and business strengths in order to address this situation. The purchase of Fraser Freight will help to extend our market reach, not only engaging with new clientele about our existing services but also offering new services to our existing customer base.”
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