enarhyazzh-CNzh-TWcsdanlettlfifrkadeelhihuisiditjakolvmsnofaplptruskslessvthtrukviyi

.........-----

translate arrow

search image top2

IATA partner completes drone test flight programme
FARNBOROUGH, UK: July 17, 2018. Drone manufacturer...

Read more

Hactl becomes first to complete IATA SFOC
HONG KONG: July 17, 2018. Hong Kong Air Cargo Term...

Read more

Freightos and Lufthansa launch rate platform
LONDON: July 17, 2018. Lufthansa Cargo and Freight...

Read more

Antonov building on 2017 growth
LONDON: July 17, 2018. Having recorded an 81 perce...

Read more

Delta and Korean Air begin trans-Pacific cargo collaboration
ATLANTA: July 17, 2018. Delta Air Lines Cargo and ...

Read more

Southwest begins international cargo service to Mexico
HOUSTON, TX: July 16, 2018. Southwest Airlines Car...

Read more

Volga-Dnepr to order 34 new widebody freighters
FARNBOROUGH, UK: July 17, 2018. Volga-Dnepr Group ...

Read more

APL Logistics joins Blockchain in Transport Alliance
SINGAPORE, July 16, 2018. APL Logistics has joined...

Read more

IoT platform to monitor pharma shipments in flight
FARNBOROUGH, UK: July 16, 2018. AirBridgeCargo Air...

Read more

IATA partner completes drone test flight programme
Hactl becomes first to complete IATA SFOC
Freightos and Lufthansa launch rate platform
Antonov building on 2017 growth
Delta and Korean Air begin trans-Pacific cargo collaboration...
Southwest begins international cargo service to Mexico
Volga-Dnepr to order 34 new widebody freighters ...
APL Logistics joins Blockchain in Transport Alliance
IoT platform to monitor pharma shipments in flight...

Latest News

SWW JAL deal
20 Jul, 2018

JAL Cargo to use Silk Way for Japan-EU trade

in Air
BAKU, Azerbaijan: July 20, 2018. Following the signing of a new EU-Japan trade deal that…
V D Liege
19 Jul, 2018

Liege Airport adds Volga-Dnepr to Cainiao Network

in Air
FARNBOROUGH: July 17, 2018. Volga-Dnepr Group (VDG) and CargoLogicAir (CLA) have signed…
Airbus UAS
18 Jul, 2018

Airbus to determine drone delivery viability for medical supplies

in Humanitarian
FARNBOROUGH: July 18, 2018. Airbus and International SOS, a medical and security risk…
VTG tank wagons
18 Jul, 2018

Rail lessor VTG rejects Morgan Stanley bid

in Rail
HAMBURG: July 16, 2018. VTG Aktiengesellschaft, a European rail leasing and logistics…
Panalpina perishables
17 Jul, 2018

Another asset for Panalpina’s perishables network

in 3PL
BASEL: July 17, 2018. Panalpina has agreed to acquire a majority stake in…
Embraer Farnborough
16 Jul, 2018

Embraer’s market outlook to reach US$600 billion

in Air
FARNBOROUGH, UK: July 16, 2018. United Airlines has ordered 25 Embraer E175 jets at a…
comsa
13 Jul, 2018

SNCF acquires first private rail operator in Spain

in Rail
BARCELONA: July 13, 2018. SNCF Logistics is to acquire COMSA Rail Transport from Spanish…
Edmonton International Airport
12 Jul, 2018

Edmonton eyes Canada first with CEIV

in Air
EDMONTON, Canada: June 11, 2018. Edmonton International Airport is aiming to be the first…
Virgin Hyperloop Texas
11 Jul, 2018

Texas considers hyperloop route to Mexico

in News
DALLAS-FORT WORTH, TX: July 11, 2018. The Dallas-Fort Worth Regional Transportation…

PRESS RELEASE

January 14, 2015: SingPost, the regional leader in e-commerce logistics and trusted communications, today announced that it has acquired a 90% stake in Famous Pacific Shipping (NZ) Limited (FPSNZ) through its subsidiary Famous Holdings Pte Ltd.

Famous Holdings Pte Ltd has paid an initial consideration of NZD3.6 million for the stake (subject to working capital adjustments) and certain debts owing by FPSNZ to the vendors.

A potential earn-out consideration of effectively up to NZD4.4 million based on the adjusted actual net profit after tax of FPSNZ may also become payable, potentially bringing the total consideration up to NZD 8.0 million.

FPSNZ, established in 1996, is a New Zealand-based freight forwarder focusing primarily on sea and air freight forwarding together with customs clearance for inbound and outbound shipments from New Zealand. Famous Holdings is SingPost's freight forwarding arm with offices in 7 countries namely Singapore, Japan, Australia, China, Malaysia, UK and the USA. It provides freight services as well as other value-added services including customs and regulatory management.

Said Dr Wolfgang Baier, Group Chief Executive Officer of SingPost: "As part of our strategy to grow our regional logistics business, we are strengthening our capabilities to provide fully integrated logistics solutions to our customers, both in Singapore and in the region. This acquisition will allow SingPost to broaden our freight network and establish an entry point into the New Zealand freight market. It also strengthens our capability to provide customers with an integrated ecommerce logistics solution and complements our existing postal and parcel networks."

Over the past 18 months, SingPost has been ramping up its regional logistics capabilities with new or expanded facilities including the development of a S$182 million fully integrated regional ecommerce logistics hub in Singapore which is expected to start operating in mid 2016. SingPost currently has more than 20 warehousing and fulfillment centres in the region.

Added Dr Baier: "In addition, we have also been building up our last mile capabilities to better serve our regional customers. The recent acquisition of CouriersPlease, a leading metropolitan express parcel delivery company in Australia, is a strategic investment to strengthen our capabilities to provide end-to-end solutions in the domestic markets that we are present."

With FPSNZ joining the SingPost stable which already includes CouriersPlease and Quantium Solutions, the Group now has an expanded and end-to-end integrated suite of services to meet the growing customer demands in the Pacific region.

Corporate News

- powered by Quickchilli.com -