Transport & Logistics
SATS’ WFS expands with Menzies World Cargo acquisition in Netherlands
SATS’ WFS expands with Menzies World Cargo acquisition in Netherlands
The acquisition will expand WFS’ warehouse capacity to more than 50,000 sq m at Amsterdam’s Schiphol Airport.
ComfortDelGro’s taxi competition to offset rail gains in Q4 2024
Its public transport segment is set to grow with fare hikes, contract renewals, and higher rail ridership.
Salt Investments buys 60% stake in TT Oil for $6m
The issue price per purchase consideration share is at $0.0035.
Mapletree Logistics Trust divests two properties in Malaysia
Following the divestment, MLT’s portfolio stands at 181 properties.
Mapletree enters UK with Derby logistics hub buy
It also expanded its Spain portfolio.
Grab contributes $5.2b to Singapore's economy in 2023
Merchant-partners on the GrabFood and GrabMart platforms contributed $900m through their sales, whilst driver and delivery partners accounted for $3...
iMotorbike closes Series A funding round at $13.5m
The company said it will be used to expand iMotorbike’s presence in Malaysia.
ComfortDelGro, RATP Dev to bid for Copenhagen Metro operations
The tender will be issued later this year.
Mapletree Logistics Trust DPU down 11.1% to $0.02003 in Q3
Revenue for the quarter also declined by 0.9% YoY.
SingPost appoints ex-Australia business exec as new group CFO
The appointment follows the dismissal of three executives over mishandled whistleblower reports.
ComfortDelGro partners with Inchcape+ to expand charging infrastructure
Inchcape+ also opened a BYD Commercial Mobility Hub.
Heavy traffic expected at land checkpoints during Lunar New Year period
Very heavy traffic is expected at both the Woodlands and Tuas checkpoints starting from 24 Jan.
Grab partners with BYD to expand EV fleet across Southeast Asia
The partnership aims to accelerate EV adoption in the region.
SingPost’s fired CEO Vincent Phang resigns from board
His resignation was effective 12 January.
COSCO Shipping taps Wang Shan He as new chairman
He was also appointed as executive director and president of the company.
Nio boosts EV deliveries by 38.7% YoY in 2024
Its cumulative deliveries reached 671,564 in 2024.
CapitaLand Ascendas REIT subsidiary secures US$280m revolving credit facility
The news follows its acquisition of a US logistic property asset from DHL USA.
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