Singapore Post (SingPost) has started construction work on a new S$150 million (US$107 million), 270,000ft² retail mall that combines the benefits of both online and offline shopping by offering a complete suite of e-commerce logistics solutions. The new mall - to be completed by mid-2017 - will be built as part of the Singapore Post Centre (SPC) and will offer greater convenience, choices and experiences to consumers by providing online e-merchants and brick-and-mortar shops all under one … [Read more...] about SingPost continues to innovate with new e-commerce shopping mall
Courier & Mail
SingPost last-mile drone mail delivery test successful
Singapore Post (SingPost) in a joint development with the Infocomm Development Authority of Singapore (IDA) has successively completed a last mile mail and packet Unmanned Aerial Vehicle delivery trial between Lorong Halus and the island of Pulau Ubin.The drone which was built upon the Pixhawk Steadidrone platform by IDA Labs to meet the new conceptual delivery platform from SingPost, and tailored for use in a challenging environment like Singapore. This is the first time in the world a … [Read more...] about SingPost last-mile drone mail delivery test successful
FedEx’s acquisition of TNT Express enters Phase II review
FedEx Corp. has confirmed today that the European Commission has initiated a Phase II review in connection with FedEx's intended public offer to acquire all the issued and outstanding shares of TNT Express N.V. This is the next step in the process where the European Commission conducts an in-depth analysis under the EU Merger Regulation before coming to a decision. The transaction is also being reviewed by other antitrust agencies, including the Ministry of Commerce (MOFCOM) in China … [Read more...] about FedEx’s acquisition of TNT Express enters Phase II review
UPS confirms $1.8 billion Coyote acquisition
UPS has announced that it has entered into a definitive purchase agreement to acquire Coyote Logistics, a technology-driven, non-asset based truckload freight brokerage company for US$1.8 billion from its current owner Warburg Pincus. The US express and logistics giant said it expected to close the deal within 30 days to acquire Coyote, which was founded in 2006 and reported annual revenue of $2.1 billion in 2014. David Abney, UPS CEO said: “The brokered full-truckload freight segment is a … [Read more...] about UPS confirms $1.8 billion Coyote acquisition
Qatar launches door-to-door, on-board courier services
Qatar Airways Cargo will launch an express airfreight service for door-to-door and time-critical shipments. The new QR On-Board Courier service will be rolled out across the cargo carrier’s global network on 1 August 2015, enabling customers to book time-definite airfreight delivery solutions. QR On-Board Courier will provide bespoke transportation services, which meet customers’ specific requirements, with dedicated couriers accompanying each shipment from collection to delivery direct to … [Read more...] about Qatar launches door-to-door, on-board courier services
UPS in talks to buy US-based Coyote Logistics
US express delivery company United Parcel Service Inc (UPS) is said to be in talks to buy Chicago-based Coyote Logistics LLC for at least US$1.8 billion, according to a Reuters report quoting a source familiar with negotiations. According to the report, Coyote is backed by Warburg Pincus, the New York-based private equity firm, which may instead opt for an initial public offering as a way to sell its stake in the transportation logistics services provider. Coyote coordinates the movement of … [Read more...] about UPS in talks to buy US-based Coyote Logistics
