SkyPostal Networks Inc. (SKPN.OB), a Miami-based international mail distribution company, recently signed an agreement with Deutsche Post’s DHL Global Mail to expand services throughout Europe. With a solid footprint in Latin America and the Caribbean, SkyPostal will now be able to provide expanded service to its established client base in Europe.
Interestingly enough, FedEx has indicated interest in mimicking SkyPostal’s business decision. Many consider FedEx to be the premier parcel network here in the U.S., but it is actually attempting to recover from a fourth quarter loss of $241 million. To help alleviate the loss, FedEx is looking at expanding its international operations into Europe by purchasing TNT, a smaller delivery service based in the Netherlands.
Where FedEx is only thinking about the plan, SkyPostal has already committed itself to strengthening its presence in Europe. The agreement with DHL Global Mail is a logical business decision, as DHL is considered a leader in world-wide, cross-border mail delivery. SkyPostal can capitalize on DHL’s solid infrastructure and continue to provide reliable service for its established and new clients in Europe.
It is estimated that about 12 percent of U.S. international mail is currently delivered to the Latin America-Caribbean (LAC) region. Additionally, about 35 percent of U.S. international mail is being delivered to European countries. With a large target market in two specific regions, SkyPostal can focus its efforts and continue to build its reputation for on-time delivery throughout the LAC and Europe.
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