Transport & Logistics
ComfortDelGro rides on public transport to buoy revenue growth
ComfortDelGro rides on public transport to buoy revenue growth
The Seletar bus package's contributions will kick in starting March.
ComfortDelGro's profit dipped 4.9% to $301.5m in 2017
This was due to a 2.2% decline in revenue.
Daily Briefing: SingPost apologises for ex-employee throwing mail; Singapore to cut toll fees at Second Link
And here are three things you need to know about Mapletree Industrial Trust’s business.
SBS Transit's full-year profits leap 50.3% to $47.13m
Revenue from public transport services rose 9.8% to $1.14b.
Expect 8,000 new public transport jobs by 2030
Singapore is expanding its public bus and rail system.
LTA to allot $25m for testing advanced transportation tech
It is also exploring the use of automation and autonomous vehicles in the transport system.
LTA awards $573m MRT line repair deals
The deals will focus on renewing the power supply on the North-South and East-West Lines.
SingPost logistics rises from loss to $4.9m profit amidst pressures
Delivery volumes in SP Parcels, Couriers Please, and Famous Holdings increased.
ComfortDelGro buys 51% stake in CDGI
It has a total cash consideration of $22.9m.
ComfortDelGro to acquire UK-based NAT Group for $25m
It aims to expand its bus and coach operations outside of London.
Lack of megadeals drag private industrial investment sales by 78.5% in Q4
Total transactions hit $623.9m.
Keppel Logistics increases stake in UrbanFox for $17m
It will be used to boost growth.
ComfortDelGro expands taxi business in China by up to $15m
It will also invest in a new repair workshop in Jilin City.
SingPost's domestic mail revenue to fall by 5% until 2020
Customers are migrating towards electronic statements and bills.
ComfortDelGro's earnings to increase up to 3% by 2021
Its petrol sales may offset declining diesel sales.
SingPost's profits up 11.9% to $35.16m in Q3
Improved postal, logistics, and e-commerce performance boosted revenue.
Cache buys nine Australian warehouses for $188.3m
They have an average lease expiry of five years and a 98.1% occupancy.
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