Singapore Post (SingPost) is looking to purchase a 38 percent stake in Freight Management Holdings (FMH), a fourth-party logistics (4PL) service company based in Victoria, Australia, for US$62 million (A$85.0 million). Its wholly-owned subsidiary SingPost Logistics Holdings on 16 October entered into a conditional sale and purchase agreement with the existing shareholders of FMH, as well as share subscription agreement with the Australian 4PL for the stake purchase, according to a bourse … [Read more...] about SingPost eyes stake in Australian 4PL to boost e-commerce push
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Cainiao expands last-mile network in Singapore to drive e-commerce
Cainiao Smart Logistics Network (Cainiao Network) announced the expansion of its last-mile network in Singapore to shorten delivery time for e-commerce parcels and improve customer experience, a press release confirmed. Alibaba’s logistics arm forged partnerships with SingPost, BEST Logistics, Roadbull and Park N Parcel, to provide more competitive pricing and last-mile service offerings for Singapore’s consumers. Aside from home deliveries through the 600 couriers in its … [Read more...] about Cainiao expands last-mile network in Singapore to drive e-commerce
SingPost, Shippit team up to boost parcel delivery for SMEs
Singapore Post (SingPost) and logistics startup Shippit inked a deal that will allow SMEs on Shippit’s platform to deliver directly to SingPost’s network of pick-own-parcel stations (POPStations) and letterboxes, a press release confirmed. As part of the deal, SingPost’s last-mile services can be viewed and accessed through Shippit’s platform, including SingPost’s Speedpost Express Services, alongside pre-negotiated delivery rates. Shippit says its intelligent tracking system benefits … [Read more...] about SingPost, Shippit team up to boost parcel delivery for SMEs
Airbus selects SingPost as Skyways logistics partners
Airbus Helicopters is collaborating with Singapore Post (SingPost) as its logistics partner for the innovative Skyways parcel delivery project. The MoU was signed by Jean-Brice Dumont, Airbus Helicopters’ Executive Vice President of Engineering and Chief Technical Officer, and Mervyn Lim, SingPost’s Covering Group CEO. Skyways is an experimental project to develop a safe and economically viable aerial unmanned parcel delivery system for use in urban environments. A MoU was signed in … [Read more...] about Airbus selects SingPost as Skyways logistics partners
Toll’s Paul Coutts to head Singapore Post
Toll Global Forwarding, Paul Coutts, has been appointed to the position of Group CEO of Singapore Post (SingPost) and also as a non-independent Director member of its Board, effective 1 June 2017. Coutts takes over from Wolfgang Baier who submitted his surprise resignation in early December 2016. In a statement, the chairman of SingPost, Simon Israel, said: “The SingPost Board is delighted to announce Paul's appointment as Group CEO. Given his seniority and the experience he brings from an … [Read more...] about Toll’s Paul Coutts to head Singapore Post
SingPost opens state-of-the-art e-commerce logistics hub
Singapore Post (SingPost) officially launched its new S$182 million (US$131 million) Regional eCommerce Logistics Hub today, located at the Tampines Logistics Park in Singapore. The three-story building will cover more than 51,097 sqm and will contain two warehousing floors, 150 simultaneous loading bays and a SingPost office block. The ground floor will be home to a fully automated parcel sorter, capable of handling up to 100,000 parcels a day. The second floor warehouse has also been … [Read more...] about SingPost opens state-of-the-art e-commerce logistics hub