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Parcel firm Doddle in talks with the US Postal Service as it looks to break into the US market 


Parcel firm Doddle in talks with the US Postal Service as it looks to break into the US market

  • Doddle is in advanced discussions to pilot a parcels service with USPS
  •  USPS has more than 31,000 post offices in the US

Doddle is in talks with the US Postal Service and major retailers about deals that could help the UK parcel firm break America.

The company – owned and chaired by Travelex founder Sir Lloyd Dorfman – is in advanced discussions to pilot a parcels collection and returns service with USPS, which has more than 31,000 post offices in the US.

It follows a deal last month with Australia Post as part of the five-year-old firm’s expansion plans.

Doddle is in advanced discussions to pilot a parcels collection and returns service with USPS

Doddle is in advanced discussions to pilot a parcels collection and returns service with USPS

Doddle started out as a joint venture with Network Rail, but the plan to launch parcel collections and stores in train stations failed to take off. Network Rail sold out of the venture in 2015.

Doddle has since moved away from having physical stores and focused instead on licensing its software, such as with the Australian deal. Around 20 per cent of retail revenues in the UK are online, but the percentage is much lower abroad, where Dorfman sees a big opportunity.

He said: ‘If you believe in the long-term exponential growth of e-commerce, we’ve got a really critical part to play. The UK online retail market is quite advanced and developed so all the growing pains we’ve seen here are starting to manifest themselves in these markets that are behind us.

‘By and large everyone’s got some sort of collections solution, but the problem they’re all starting to wrestle with is in the returns sector – that is more complicated.’

Dorfman, worth an estimated £720million, said Doddle is also in talks about potential tie-ups with ‘very large’ American retailers.

 



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