Stellar funding from Warburg Pincus
India-based third party logistics company Stellar Value Chain Solutions has announced that an affiliate of the private equity firm Warburg Pincus has agreed to invest up to $125m in the company.
Read MoreAuthor: Ian Taylor
Ofcom: Addressed letter volumes still falling – and at a faster rate
The UK market regulator Ofcom published its annual Communications Report today, and its review of the postal sector found that addressed letter volumes not only continued to fall in 2015 (by 3.7% to 12.2bn), but they did so at a faster rate than in 2014.
Read MoreNew Zealand Post begins Paxster rollout on North Shore
New Zealand Post is introducing Paxster electric delivery four-wheelers in Auckland’s North Shore, as the national rollout of the environmentally friendly vehicles gets underway.
Read MoreDecathlon partners with InPost
Sports retailer Decathlon has announced a new partnership with InPost UK which will mean its customers will be able to click and collect their online purchases from InPost’s lockers.
Read MoreSingPost Q1 net profit falls 23%
Singapore Post (SingPost) has announced a net profit of S$49.4m for the first quarter (Q1) of FY16/17.
Read MoreThe Big Three control 70% of India’s online shopping market, says new report
Amazon, Flipkart and Snapdeal collectively control 7o% of India’s online shopping market, according to a new study from digital marketing intelligence firm SimilarWeb.
Read MoreDeutsche Post DHL posts “strongest second quarter in company’s history”
Deutsche Post DHL Group has reported that it increased its operating profit “significantly” in the second quarter (Q2) of 2016.
Read MoreWhite House trumpets drone projects
Hot on the heels of the UK Government’s decision to work with Amazon on delivery drone trials, the US Government has now trumpeted the drone projects that it is currently supporting.
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