United Parcel Service, the Atlanta, Georgia-based American multinational courier services provider, had issued a statement on Friday saying that the century-old Fortune 500 company had been exploring an option to purchase Roadie, a same-day delivery service provider, clients of whose include US home improvement retail giant Home Depot.
In point of fact, latest perspicacious move from the Atlanta-based parcel service provider to purchase a same-day delivery company came forth as a raft of big-league retailers like of Amazon.com Inc., Walmart Inc alongside Target Corp had either developed or acquired gig deliver services in a bid to proffer high-speedy local delivery services of a swathe of goods ranging from fresh foods to heavy furniture.
Nonetheless, although UPS had yet to disclose the financial terms of the acquisition deal, however, had added in a statement that the 114-year-old courier services provider was expecting the deal to be concluded by Q4, 2021, while Roadie said in a separate statement that the tie-up would launch during an all-important holiday shopping season.
UPS to takeover same-day delivery service provider Roadie
Besides, adding that the packages carried by UPS would not mingle into Roadie’s network and Goods transported by Roadie would not cross UPS networks’ footprints, UPS said in a statement following the announcement, “Roadie often provides service for shipments not compatible with the UPS network because of their size and perishable nature, and often because they are in shopping bags without the packaging required to move through the UPS system”.
On top of that, Roadie said in a statement that the same-store delivery service provider would continue to operate under previous name, as shares’ prices of UPS rounded off the day 2.25 per cent higher to $193.26 apiece.