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
Asia Pacific shipments
DHL Supply Chain acquires a controlling interest in eFulfilment solutions company, Brandpath
DHL Supply Chain announced its investment in Brandpath Group Ltd, part of the PJ Investment Group (PJIG). Brandpath provides eCommerce businesses with global fulfilment capabilities. The company serves brands including Google and other fulfilment customers such as ShipBob, Localised, Truly, PRS and Jessops. The investment gives Brandpath customers the benefit of DHL’s global scale and infrastructure across 220 countries and territories as well as deep supply chain expertise and … [Read more...] about DHL Supply Chain acquires a controlling interest in eFulfilment solutions company, Brandpath
IAG Cargo appoints Head of Digital Sales to enhance online offering for customers
IAG Cargo, the cargo division of International Airlines Group (IAG), has announced the creation of a new role – Head of Digital Sales, to be filled by Daniel Rodriguez. This new position underpins IAG Cargo’s mission to accelerate its online offering and better serve customers in the evolving logistics landscape. Camilo Garcia Cervera, Chief Sales and Marketing Officer at IAG Cargo, said, "We are fully committed to reviewing and innovating our processes to meet the evolving needs of our … [Read more...] about IAG Cargo appoints Head of Digital Sales to enhance online offering for customers
Qatar Airways Cargo and Cainiao strengthen partnership to meet global e-commerce demand
Qatar Airways Cargo, the world’s leading air cargo carrier, and Cainiao, a global leader in e-commerce logistics, agree to strengthen their existing partnership, aiming to support the growth of cross-border e-commerce and enhance consumer experiences worldwide. Cainiao, with its deep e-commerce insights and technological expertise, and Qatar Airways Cargo, with its extensive global connectivity, will together leverage their complementary strengths through this partnership to enhance global … [Read more...] about Qatar Airways Cargo and Cainiao strengthen partnership to meet global e-commerce demand
HKIA triumphs in renowned international cargo awards
Hong Kong International Airport (HKIA), the busiest cargo hub in the world, received several prestigious international accolades, in recognition of its excellent cargo service efficiency, innovations, and initiatives on sustainability. HKIA was named “Cargo Airport of the Year - Asia Pacific” and “Air Cargo Technology Provider of The Year” at the 11th Payload Asia Awards, held in Singapore. It is the third consecutive year that HKIA was recognised by Payload Asia as the most outstanding … [Read more...] about HKIA triumphs in renowned international cargo awards
Cathay Cargo Terminal takes lead in AI-powered safety enhancements
Cathay Cargo Terminal has become the first air cargo terminal in Hong Kong to integrate Artificial Intelligence (AI) with its existing CCTV infrastructure to enhance safety and security monitoring across its terminal buildings. Partnering with Intenseye, a leader in AI-powered workplace safety solutions, Cathay Cargo Terminal leverages advanced computer vision and AI algorithms to monitor safety and security hazards in real time to mitigate potential incidents and improve safety at the … [Read more...] about Cathay Cargo Terminal takes lead in AI-powered safety enhancements
