Federal Express Corporation (FedEx), the world's largest express transportation companies, has expanded FedEx® International Connect Plus (FICP), its international, day-definite e-commerce shipping service, to Singapore. Already available for e-tailers operating in some Asia Pacific markets such as China, Hong Kong SAR, and Japan, the service now empowers Singapore-based e-tailers with a reliable and cost-effective shipping solution to key destinations in the U.S. and Europe. This expanded … [Read more...] about FedEx expands International Connect Plus service to Singapore, boosting growth opportunities for local businesses
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J&T Express reports 32.5% parcel volume growth in Q4 2024, Southeast Asia market surged by over 60%
J&T Global Express Limited announced its key operating data for the fourth quarter and full year of 2024. The company achieved a total parcel volume of 7.39 billion in Q4, a 32.5% year-over-year (“YoY”) increase, with an average daily volume of 80.3 million parcels. For the full year 2024, J&T Express handled 24.65 billion parcels, representing a 31% YoY increase and a 30.7% increase in average daily volume to 67.3 million parcels. Q4 growth was primarily driven by Southeast Asia and … [Read more...] about J&T Express reports 32.5% parcel volume growth in Q4 2024, Southeast Asia market surged by over 60%
SingPost to divest Australia business at A$1.02bn in enterprise value
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
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
