Transport & Logistics
Gov’t reviews introduction of SingPost’s postage rate adjustments
Gov’t reviews introduction of SingPost’s postage rate adjustments
This will help SingPost to operate on a viable business model.
Eneco Energy’s logistics unit bags contract to transport Heineken, Tiger in SG
The contract will last three years.
SATS, SingPost ink MOU for e-commerce transshipment hub exploration
The hub will reduce delivery times, operating costs, and manpower.
NSW outer metropolitan bus tender awarded to ComfortDelGro
The contract was worth A$200m ($180m)
Siemens Mobility elevates CBTC system for Singapore’s longest fully-underground MRT line
Michel Obadia, CEO of Siemens Mobility APAC, said the company is ready to mobilise its technology in the Cross Island Line.
FedEx expands self-collection services to 800 NinjaVan locations
The option is limited to packages weighing less than 5 kilograms.
Grab lays off 1,000 jobs: report
This represents 11% of its workforce.
SingPost net profit drops 70.3% in 2023
Its profit stood at S$24.6m in the financial year ended 31 March.
Grab co-founder Tan Hooi Ling to step down from operating roles
She will be transitioning into an advisory role.
Three critical risks for ComfortDelGro amidst expected H2 improved earnings
Overseas operations and a rise in ridership will drive the transport business.
Grab's revenue more than doubles to $525m in Q1
The company's loss for the period recovered 43% YoY to $250m.
ComfortDelGro’s profit falls to $32.8m in Q123
In Q122, the company recorded a profit of $76.1m.
LTA calls for tenders to appoint operators for JRL and CRL
The tenderers will operate and maintain it for the first licencing period of nine years.
ST Engineering, NTU launch Singapore's first EV park and charge system
The system would benefit EV owners and address the problem of using multiple parking and charging platforms.
Upward trend of COE prices seen due to rising earnings and ‘zero vehicle’
In April, COE prices for Category A cars went up by $7,503.
LTA to increase COE quota of non-electric cars to 10,431
The adjustment would expand the total quota to 10,431.
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