Singapore Post announced dividends in May as the group posted a record revenue of S$1.9 billion for the financial year 2022/2023, with the international business contributing around 90 percent of the total. In an unpredictable market environment, SingPost’s logistics unit contributed 90 percent of the total operating profit, serving as a buffer for the decline in the postal segment. The postal group is on the verge of transforming into a global e-commerce logistics enterprise with its recent … [Read more...] about SingPost’s Li Yu on e-commerce, logistics and more
international express delivery
MASkargo upgrades dolly fleet with digital tracker
Malaysian carrier MAB Kargo Sdn Bhd (MASkargo) is empowering its ground team to take complete control over ground operations as it rolled out a digital tracking solution for optimizing the use of its 20-ft dollies. There are 16 units in MASkargo’s dolly fleet and the new digital system will enhance utilization by automatically allocating units within the airport during peak hours and enhancing on-time performance. “There are only 16 units of the 20 footer in our fleet and these are … [Read more...] about MASkargo upgrades dolly fleet with digital tracker
Shaping the future of e-commerce logistics with JDL
A novel, even transformative, online shopping experience is quickly becoming the norm in China: products ordered and paid for during large-scale promotions like Single’s Day reach your doorstep within the same day or even a few minutes post-transaction. The country's express delivery service has witnessed an astronomical 30-fold growth in the last decade, handling over 100 billion parcels in 2022 alone. Serving as a tangible manifestation of the explosive ecommerce boom, spearheading … [Read more...] about Shaping the future of e-commerce logistics with JDL
Cainiao’s 10th year: Mastering e-commerce logistics
Cainiao turned 10 this year and has evolved from plugging existing gaps in the industry using proprietary technologies, to one that prioritizes customer-centricity. At the company’s recent global summit in June, the company pledged a new benchmark global delivery service, one that will take five working days across the smart logistics network that it is progressively building. The move is rightfully so given the influence of online shopping and e-commerce on logistics players and the need to … [Read more...] about Cainiao’s 10th year: Mastering e-commerce logistics
Cargo weighs on Korean Air in Q2
In its tentative non-consolidated results, Korean Air achieved a revenue of KRW 3.5354 trillion (US$2.693 billion) in its second fiscal quarter, up 6 percent year-on-year, following strong recovery of travel demand. Due to rising operation costs and airport fees, the airline posted a moderate operating profit of KRW 468 billion (US$ 356.5 million), down 36 percent compared to the same quarter last year. In the second quarter, the airline’s passenger business revenue soared 154 … [Read more...] about Cargo weighs on Korean Air in Q2
Dronamics elects general manager for Australia
Cargo drone developer Dronamics is making preparations to strengthen its presence in the Asia Pacific as it appointed Gavin Gomes as general manager for Australia and as member of the senior management team, effective 1 August. Gavin's track record spans several sectors including startups, private companies, listed entities, and global multinationals like Canon, Australia Post, Telstra, and IBM. A certified pilot, he also serves as a non-executive director of Royal Victorian Aero Club and CM … [Read more...] about Dronamics elects general manager for Australia