Xpress Holdings unveils new deals with global logistics firms

It’s an effort to secure new revenue streams.

After rattling its shareholders yesterday with the warning of a substantial loss in its FY14 results, mainboard-listed Xpress Holdings today revealed that its subsidiart Xpress New Media has partnered with logistics firms to provide greater documentation and tracking services.

XNM’s new services include providing other value-added documentation services like completion of airway bills, shipment invoices, as well as tracking services right up to the completion of delivery at its 8–8 Biz Butler outlets and its flagship outlet in the Central Business District.

XNM’s partners are United Parcel Service of Singapore and S. F. Express. In addition to the contracts with the two logistics firms, Xpress has also sealed reseller arrangements with selected branded suppliers for a wide range of corporate gifts and premiums.