Singapore Post Limited (SingPost) and FedEx Express, a subsidiary of FedEx Corp (NYSE: FDX) and one of the world’s largest express transportation companies, are delighted to announce their collaboration through a memorandum of understanding (MOU) to initiate a trial program that allows post offices to accept FedEx parcels. The primary objective of this MOU is …
by Editor Singapore retained its lead as the world’s top maritime centre in the Xinhua Baltic International Shipping Centre Development (ISCD) Index for the 10th consecutive year. Published jointly by the Chinese state news agency Xinhua and global maritime data provider Baltic Exchange, the report lists Singapore as the leading global maritime centre, followed by London and …
by Editor Cathay Cargo is seeing very encouraging demand out of Hong Kong and the Greater Bay Area (GBA) against a backdrop of continuing market uncertainty moving into the peak season. James Evans, Cathay Cargo’s new general manager for Cargo Commercial, said the current air cargo market remains uncertain as it faces weaker consumer confidence and global economic …
by Editor July was the 17th consecutive month of demand decline as consumers turned from goods to services and capacity grew, said the Association of Asia Pacific Airlines (AAPA). Preliminary July 2023 traffic figures released by the AAPA show demand, as measured in freight tonne kilometres (FTK), fell by 0.6% year-on-year in July, marking the seventeenth consecutive …
by Editor Cathay Cargo saw its revenues decline in the first half of the year despite increasing volumes. The Hong Kong-hubbed carrier saw first-half cargo revenues decline by 10.1% year on year to HK$12.4bn, while volumes increased by 23.8% on last year to 651,000 tonnes. Capacity measured in available cargo tonne km increased by 117% on last …
by Editor China saw an increase in freight traffic in the first half of the year, which includes growth in air freight, road, and shipping volumes. State media said China’s freight volume rose 6.8% year on year to 25.93 billion tonnes in the January to June period. Citing data from the Ministry of Transport, Xinhua said in the first …
by Editor Singapore Post Limited (SingPost) has announced its results for the half year ended 30 September 2022 revealing the highest revenue recorded in the Group’s history within any half year however the Group also recorded a net loss of S$2.4 million for the first half and a net loss attributable to equity holders of S$9.9 million. The …
by Editor Cainiao, the logistics arm of Alibaba Group, is committing RMB 300 million (US$47 million) in subsidies to incentivise over 150,000 logistics employees and courier personnel in 300 Chinese cities. These personnel play an essential role in safeguarding logistics services ahead of the upcoming Spring Festival holiday in China. For consumers, this means that eCommerce purchases …
by Editor Sendle, Australia’s first 100% carbon neutral shipping service has today announced the appointment of Laura Hill as its first ever Managing Director for Australia. With a rich background in eCommerce, media and advertising, Laura will drive Sendle’s continued expansion in Australia where the company is the courier of choice for small businesses. In 2021 alone, …
by Editor Australia Post has announced the appointment of former ANZ Bank and McDonald’s Corporation senior executive, Catriona Noble as the new Executive General Manager of Retail. Reporting to Group Chief Executive Officer & Managing Director Paul Graham, Ms Noble will oversee the organisation’s network of 4,320 Post Offices. Ms Noble joins Australia Post following successful careers at …
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