Red Star Express PLC
NNSENG:REDSTAREX13.40
NGN
0.00
(0.00%)
Red Star Express PLC
NSENG:REDSTAREX
(Nigerian Stock Exchange)
Recent
price
13.40
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Red Star Express PLC is a Nigeria-based provider of integrated logistics, courier, express delivery, freight forwarding, and business support solutions. Established in 1992 and headquartered in Lagos, Nigeria, the company serves as the sole licensee of FedEx Corporation in Nigeria, facilitating domestic and cross-border express transportation. The company organizes its operations across four primary business segments: Express Delivery, Freight Forwarding, Logistics and Warehousing, and Support Services. Through its operating structure and principal subsidiaries—including Red Star Logistics Limited, Red Star Freight Limited, and Red Star Support Services Limited—the company provides domestic express parcel and document delivery; international priority and economy air shipping; customs clearing and brokerage; international ocean freight forwarding comprising full-container-load (FCL) and less-than-container-load (LCL) solutions; dangerous goods handling; cargo chartering; nationwide heavy-duty haulage and road transport; ambient and temperature-controlled warehousing; cargo consolidation; reverse logistics; end-to-end e-commerce order fulfillment; mailroom management; document management and digital archiving; and specialized human resource and operational outsourcing for corporate clients across the banking, manufacturing, and telecommunications sectors. Red Star Express PLC operates an extensive distribution network of more than 160 operational offices and service centers across Nigeria, with international service connectivity extending into regional West African markets including Benin Republic, Niger, and Burkina Faso. In recent developments, the company has accelerated its digital transformation through the deployment and upgrade of its proprietary RedSpeed digital shipping platform, integrated online booking systems, and real-time package tracking infrastructure to optimize operational efficiency and improve customer service delivery. Additionally, the company has expanded its supply chain infrastructure through investments in fleet modernization, enhanced cold-chain logistics capabilities for temperature-sensitive goods, expanded agro-allied supply chain services, and deepened commercial collaboration with FedEx to support expanding intra-African and global trade flows.