Singapore Post Limited announced that it has entered into a sale and purchase agreement with Pacific Equity Partners (“PEP”) for the sale of its Australia business, Freight Management Holdings Pty Ltd (“FMH”). PEP shall acquire the Australia business at an enterprise value of A$1.02 billion (approximately S$897.6 million), which translates into A$775.9 million (approximately S$682.81 million) in cash and generates an expected gain on disposal of approximately S$312.1 million, subject to … [Read more...] about SingPost to divest Australia business at A$1.02bn in enterprise value
Express
FedEx launches first Mercedes-Benz eVito vans in Asia Pacific, starting with Singapore
FedEx Express Corporation, one of the world’s largest express transportation companies, is introducing 31 electric vehicles (EVs) into its existing fleet in Singapore. Singapore is the first market within the FedEx Asia Pacific network to deploy the custom-built Mercedes-Benz eVito 112 panel vans to support its parcel pickup and delivery operations across the country. The EVs offer a 923 kg load capacity and an estimated range of up to 321 kilometers on a full charge. Collectively, the vehicles … [Read more...] about FedEx launches first Mercedes-Benz eVito vans in Asia Pacific, starting with Singapore
J&T Express exceeds 100M global parcels handled in a single day on Double 11, driven by strong growth across multiple regions
J&T Global Express Limited, a global logistics service provider, announced a new milestone in its growth trajectory, surpassing 100 million parcels handled worldwide in a single day during this year’s Double 11 shopping festival on November 12th. Double 11 is a traditional peak season for China and Southeast Asia. From October 20th to November 12th, J&T Express saw significant growth in parcel volume in both markets. In China, the peak season during the same period saw an average daily … [Read more...] about J&T Express exceeds 100M global parcels handled in a single day on Double 11, driven by strong growth across multiple regions
FedEx increases frequency of international cargo flight connecting Qingdao to US
Federal Express Corporation (FedEx), one of the world’s largest express transportation companies, announced the increased frequency of an international cargo flight from Qingdao, China to the U.S., alongside the inauguration of its Qingdao international gateway facility. This initiative will enhance FedEx network in China and empower local businesses to capitalize on global trade opportunities through more efficient, flexible, and intelligent logistics services and solutions. The flight departs … [Read more...] about FedEx increases frequency of international cargo flight connecting Qingdao to US
FedEx survey reveals strong optimism for holiday sales surge among APAC businesses, consumers
The holiday shopping season is already in full swing and Federal Express Corporation (FedEx), one of the world's largest express transportation companies, shared insights from its latest survey on this year’s festive shopping season in the Asia Pacific region. Conducted in October 2024, the survey gathered responses from 200 small and medium-sized businesses (SMEs) and 300 consumers across 12 APAC markets, exploring their expectations, purchasing motivations, and concerns for the festive … [Read more...] about FedEx survey reveals strong optimism for holiday sales surge among APAC businesses, consumers
DHL and IAG Cargo solidify partnership to drive sustainable air freight
DHL Express and DHL Global Forwarding are furthering their sustainability goals through a contract renewal with IAG Cargo, the cargo handling division of International Airlines Group (IAG), to use an additional 60 million liters of Sustainable Aviation Fuel (SAF) on behalf of DHL. The new contract covers 2024 and 2025 emissions and will result in a reduction of greenhouse gas emissions of approximately 165,000 metric tons of CO2e. The annual emissions reduction would be equivalent to removing … [Read more...] about DHL and IAG Cargo solidify partnership to drive sustainable air freight
