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
Express
FedEx forecasts record-breaking shipments this peak season
FedEx Corp. predicts it will move a record-breaking 317 million shipments between Black Friday (27 November) and Christmas Eve. This forecast marks a 12.4 per cent increase in year-over-year seasonal volume. The season is expected to be bolstered by three volume spikes in the US, including Cyber Monday (30 November) and the first two Mondays in December, when the company expects to move more than double its average daily volume. In the Asia Pacific region, different 'spikes' are anticipated. … [Read more...] about FedEx forecasts record-breaking shipments this peak season
No EU antitrust objections to €4.4 billion FedEx, TNT merger
European Union antitrust regulators have found no objections to FedEx's €4.4 billion (US$5 billion) acquisition of TNT Express, the two companies said on Tuesday. "FedEx and TNT have been informed by the European Commission that no Statement of Objections will be issued. FedEx and TNT continue to expect that the Offer will close in the first half of calendar year 2016,” the companies said in a joint statement. With a European market share of 17 per cent, the combined company would be Europe's … [Read more...] about No EU antitrust objections to €4.4 billion FedEx, TNT merger
FedEx Pledges US$1 Million for European migrant crisis
FedEx Corp. has committed approximately US$1 million in cash and transportation support to deliver emergency supplies and critical medical aid to the thousands of migrants and refugees arriving in Europe, and provide ongoing assistance to both the people and the local communities affected by the crisis. "FedEx has been closely following the increasingly serious migrant crisis in Europe," said Karen Reddington, president, FedEx Express Asia Pacific. "As a global express logistics provider, we … [Read more...] about FedEx Pledges US$1 Million for European migrant crisis
FedEx launches small business contest in Asia-Pac
FedEx Express is helping small businesses in the region go global by launching the FedEx Small Business Grant Contest in Asia Pacific. In Singapore, FedEx will award S$40,000 (US$28,000) worth of grants in total comprised of three tiers: a Grand Prize of $25,000; a First Runner-Up Prize of $10,000; and a Second Runner-Up Prize of $5,000. Small businesses will have the chance to win grants to expand their business into the global arena. First rolled out in the US three years ago, the contest … [Read more...] about FedEx launches small business contest in Asia-Pac
UPS expands services to 13 more cities in China
UPS has expanded its presence in 13 additional cities – in Jiangsu, Shandong, Zhejiang, Guangdong provinces, and in Chongqing Municipality – as part of its long term growth strategy in China. UPS said it has enhanced its services by improving transit times, extending cut-off times to tender shipments and deploying UPS knowledge and expertise. Customers in these cities will now have direct access to UPS's full portfolio of services, innovative technology solutions, first-in-class global … [Read more...] about UPS expands services to 13 more cities in China