Federal Express Corporation, one of the world's largest express transportation companies, is strengthening trade connectivity between Singapore and Johor to better serve customers in the region. Inbound shipments from Asia, Europe, and the U.S. will be routed to the FedEx Gateway in Singapore before journeying to Johor, enabling importers and businesses to receive their packages two hours earlier. This enhancement is enabled by direct import clearance at Senai customs, bypassing the previous … [Read more...] about FedEx strengthens connectivity between Singapore and Johor amid JS-SEZ growth
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FedEx introduces Collaborative Shipping Tool to enhance import process and boost logistics efficiency
Federal Express Corporation, one of the world’s largest express transportation companies, announced the launch of the Collaborative Shipping Tool. This new digital tool simplifies the import process for customers by enabling seamless collaboration during Airway Bill (AWB) creation between importers and shippers, enhancing overall efficiency when moving goods across the globe. Global merchandise trade is set to increase by 3%, with Imports in Asia projected to grow by 5.1% in 2025. According to … [Read more...] about FedEx introduces Collaborative Shipping Tool to enhance import process and boost logistics efficiency
New UPS flight between France and Hong Kong to support growing exports
UPS has added a new flight to its industry-leading air network between Paris (CDG) and Hong Kong (HKG) to meet expanding export demand from French businesses. The flight operates five times a week and connects French businesses with one of the country’s most rapidly growing export markets. Hong Kong is home to large consumer bases in the high fashion, food + drink and aerospace sectors. It is also home to expanding dental and pharmaceutical outsourcing markets. France continues to be the … [Read more...] about New UPS flight between France and Hong Kong to support growing exports
FedEx expands International Connect Plus service to Singapore, boosting growth opportunities for local businesses
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
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
