Transport & Logistics
Volatility of freight rates surged to an average of 138% in November
As bulk commodity supply ramped up.
LTA regulatory framework frees taxi passengers from disclosing destination to booking apps
To avoid picky drivers.
Public Transport Council rolls out fare review exercise
Fare changes will be revealed in 1Q15.
COE premiums mostly up in latest bidding exercise
There 3,075 bids received.
No golden touch: Midas’ profits plunged 91% in 3Q
On the back of higher start-up and finance costs.
Midas Holdings clinched $32m high-speed train car body contracts
The trains will operate at speeds of up to 350km/hr.
Trans-cab hastily halts IPO after unearthing massive insurance premium hike
The offer should have closed today.
Sky One Holdings appoints Agus Sugiono as executive chairman and CEO
He will replace Dicky Suen Yiu Chung who resigned from the post due to the changes in Board composition pursuant to the completion of the acquisition...
New Bedok Integrated Transport hub set to open on Nov 30
It will serve over 40k commuters daily.
ComfortDelGro’s profit up 5.3% to $80.8m in Q3
But expect a weaker Q4.
SBS Transit’s profit jumped 46.5% to $7.8m in Q3 on back of higher fares
Average daily ridership also increased.
Taxi operator Trans-cab Holdings launches IPO at $0.68 per share
Market cap is expected to be around $456m.
Ezion Holdings promotes Peter Lee Kon Meng to COO
His educational background, relevant experience and proven track record earned him the post.
SingPost’s mail revenue plunged to all-time low in 2Q15
E-commerce is now taking the spotlight.
Ong Eng Keang steps down as SMRT group CFO
He decided to resign from the company to pursue philanthropic interests and business prospects.
LTA unveils advanced solutions to cut commuters’ taxi waiting time woes
Sensors will be installed in seven taxi stands.
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