SingPost has acquired a 90 per cent stake in Famous Pacific Shipping (NZ) Limited (FPSNZ) through its subsidiary Famous Holdings Pte Ltd. Famous Holdings has paid an initial consideration of NZ$3.6 million (US$2.82 million) for the stake and certain debts owing by FPSNZ to the vendors. A potential earn-out consideration of effectively up to NZ$4.4 million based on the adjusted actual net profit after tax of FPSNZ may also become payable, potentially bringing the total consideration up to … [Read more...] about SingPost acquires 90% stake in Famous Pacific
Courier & Mail
UPS launches trade consulting services in Asia
UPS announced the addition of Trade Management Services (TMS), comprising trade consulting, import/export technologies and managed services, to the UPS customs brokerage portfolio in Asia to facilitate customers’ expansion opportunities. “The launch of TMS is part of a long-term strategy to help our customers compete and do cross-border business more effectively. Increasing supply chain and regulatory complexities are barriers to trade, and are driving renewed focus on trade … [Read more...] about UPS launches trade consulting services in Asia
Sodexi opens express freight hub at CDG
France-based express package handler Sodexi, a joint venture of Air France-KLM (65 per cent) and Geopost (35 per cent), began operation of a new 7,600 sq m (818,000 sq ft) express freight terminal at Paris-Charles de Gaulle Airport last week. The €22 million (approx. US$25.94 million) facility, owned and developed by Aéroports de Paris, but financed by Sodexi, has an annual capacity of up to 55,000 tonnes of express freight. Jérôme Balbi, managing director of … [Read more...] about Sodexi opens express freight hub at CDG
DHL receives Green Freight Asia label
DHL Supply Chain today became one of the first organizations in Asia to receive independent accreditation for its efforts in developing sustainable road transport operations in Singapore by Green Freight Asia (GFA). GFA, a programme akin to Green Freight Europe, is a non-profit organisation established in 2013 to facilitate reduced CO2 emissions and lower shipping costs across entire supply chains by decreasing fuel consumption. This is driven primarily by the GFA Label programme, which … [Read more...] about DHL receives Green Freight Asia label
FedEx Express, ALJ Group Ink KSA Service Deal
FedEx Express has selected Abdul Latif Jameel Group (ALJ Group) as a new global service provider in Saudi Arabia as of January 2015, for its international inbound and outbound services to and from 220 countries and territories. “Abdul Latif Jameel Group is proud to be selected as the global service provider of the globally renowned FedEx Express brand in Saudi Arabia. Our Group’s 60 years of logistics experience, combined with our customer-centric approach, are the pillars that … [Read more...] about FedEx Express, ALJ Group Ink KSA Service Deal
UPS expects to handle 4 million gift returns
With a record number of consumers shopping online for the holidays, post-holiday returns and exchanges will keep UPS busy right through the new year. UPS National Returns Day is Jan. 6, 2015, when the company expects consumers will ship more than 800,000 packages back to retailers and merchants. By the end of the first full week in January, UPS anticipates transporting 4 million return packages in the United States. "We have successfully completed two of three phases of the Peak holiday … [Read more...] about UPS expects to handle 4 million gift returns