The InfoComm Development Authority said it has rejected the proposal of Singapore Telecommunications Ltd unit Singapore Post to raise domestic postage rates for mail weighing 20 and 40 grams.
“This decision was arrived at after a detailed review of SingPost’s proposal and an audit of SingPost’s figures,” IDA said.
Read MoreRoyal Mail has dropped the use of railfreight after deciding that the service was too slow and expensive.
The move will cost EWS, Britain’s biggest railfreight company, millions of pounds and strike another blow to the country’s creaking railway network.
Read MoreDutch forwarding service TNT Express has formally launched a partnership with China Post following the end of its 15-year old ties with Sinotrans Ltd, the Shanghai Daily reported.
An agreement was signed on April 25 to form a strategic partnership and to set up a team to explore possible areas of cooperation in postal services, express delivery and logistics, the report said.
Read MoreDHL Express said it will launch an overnight air-cargo route between Hong Kong and Shanghai with Hong Kong Dragon Airlines. Dragonair, whose passenger business has been devastated by SARS, will operate the service Mondays through Thursdays on an A330-300 passenger aircraft with a freight capacity of 22 metric tons. “This new development will enable DHL to capture the increasing demand for express-delivery service in China and leverage the opportunities arising from growing intra-Asia traffic,” said John Mullen, chief operating officer for DHL Asia Pacific.
Read MoreFedEx Express announced that an operational agreement with its Portuguese Global Service Participant, Rangel, has been extended to May 2010. Rangel Expresso S.A has been the exclusive, authorized representative of FedEx in Portugal since 1999.
Read MorePosten, Sweden’s national postal operator, and Nordea, the largest financial services group in the Nordic region, today announced a strategic alliance to provide electronic bill payment and presentment (EBPP) services. The agreement broadens the EBPP market for both consumer and business customers.
Read MoreIn a recent report examining the UK contract logistics industry, the UK-based research institute Transport Intelligence, has positioned Exel, the world leader in supply chain management, as the country’s leading logistics provider.
Based on revenue, the ‘UK Logistics Leaders 2003’ report provides analysis and profiling on top logistics companies and establishes a ranking list that has retained Exel in the number one spot.
Read MoreExel will manage the project from its centre in Pinto, Madrid, supporting its wider pan-European activities for Hitachi.
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