- ParcelPal Logistics Inc. (PKG) has increased its subcontracting business
- This is in an effort to support its ongoing plan of diversifying its customer base
- ParcelPal is a Vancouver-based company that specializes in last-mile delivery service
- The company has expanded its business through supporting partner fleets
- ParcelPal Logistics Inc. (PKG) is unchanged trading at $0.02 per share as of 11:41 a.m. ET
ParcelPal Logistics (PKG) has increased its subcontracting business to diversify its customer base.
ParcelPal is a Vancouver-based company that specializes in last-mile delivery service and logistics solutions. It claims to be a customer-driven, courier and logistics company connecting people and businesses through its network of couriers in major cities) such as Vancouver, Calgary, and Toronto) as well as in the western region of the United States.
The company stated it has been doing additional subcontracting for local courier companies to support overflow deliveries from a larger carrier. As a result, this has expanded its business by supporting partner fleets.
According to ParcelPal, the carrier is an integrated freight, package, and logistics solutions provider who have been in business for over 60 years currently with over 14,000 employees.
“Supporting fast growing partners in this space is a service we are always proud to provide… a major need in the logistics space for our services and we will continue to focus on signing additional profitable customers not only in Canada but on subsequent growth in the United States as additional new customer and acquisition opportunities have arisen, all in an effort to create additional value for our shareholders,” Rich Wheeless, CEO of ParcelPal, said.
ParcelPal Logistics Inc. (PKG) is unchanged trading at $0.02 per share as of 11:41 a.m. ET.