Transport & Logistics

SingPost profits slumped 39.3% to $30.49m in Q3

A decline in domestic letter mail volumes dragged down its revenue.

ComfortDelGro to endure effects of coronavirus outbreak

A potential taxi rental rebate might only shave off about 0.9-3.9% of its 2020 profits.

ComfortDelGro's Australian unit secures $23m green loan for 50 hybrid buses

The buses carry a parallel hybrid driveline that uses 30% less fuel.

Grab to revamp rewards programme in March

Users of Grab’s Mastercard can earn points at over 53 million merchants worldwide.

SATS bags 25-year cargo terminal concession in Saudi Arabia

The cargo terminal will handle 600,000 tonnes of cargo annually.

Logistics firm ESR, GIC sets up $673.3m JV to establish logistics facilities in China

The JV will develop state-of-the-art logistics facilities in key cities in China.

Grab and Chubb launch in-app travel insurance purchases

The insurance product can be bought $2.50 a day for travel to any global destination.

E-scooter operator Neuron Mobility enters New Zealand.

It has allocated 880 vehicles for operations in the city.

e-scooter firm Neuron Mobility bags $25m in funding round

It will be partly used to foray into other Asia Pacific markets.

Ming Rean Lim resigns as Mapleetree Logistics' CFO

His four-year tenure saw him leading the company’s subsidiaries in Asia.

RichLand Logistics secures two-year logistics contract with Schneider Electric

The company targets instant visibility via Schneider’s data feeding tower.