MailExpress

About MailExpress

Founded in 2005 as MailExpress, the company rebranded in 2010 to become Streamlite Inc., positioning itself as a specialized national business-to-consumer delivery service for lightweight packages. The firm is strategically focused on the burgeoning business-to-consumer lightweight package delivery industry, estimated to be a $7 billion market. Streamlite's core business involves providing reliable, trackable, and guaranteed delivery for packages weighing under five pounds.

The company's business model is described as asset-light, meaning it does not own its own fleet of delivery vehicles. Instead, Streamlite utilizes a high-tech processing and logistics network, contracting with express carriers for transportation and then leveraging the U.S. Postal Service (USPS) for the final or "last mile" delivery. This operational structure allows for increased flexibility and reduced costs for its clients. Revenue is generated by providing tailored, cost-effective shipping solutions to high-volume shippers. Clients save between 15 to 20 percent on freight costs by using Streamlite's services.

Streamlite serves over 150 customers across a variety of industries, including Fortune 500 apparel companies, electronics retailers, financial and business services firms, and mail-order pharmacies. The service is designed for businesses that require cost-effective shipping for lightweight online purchases and other small goods. Packages are picked up directly from customers and processed through one of the 20 distribution centers across the U.S. A key feature of the service is its multi-scan tracking process, which prevents misaddressed and misrouted mail before items enter the USPS system. The company guarantees delivery within five days.

Led by President and CEO Randy Clark, a veteran of the transportation and shipping industry, the company secured $10 million in venture financing around the time of its rebranding in 2010. With approximately 200 full-time employees and up to 1,000 contracted workers for package sorting, Streamlite projected revenues of $150 million in 2010 and had future plans for an initial public offering.