Singapore Post has contracted Siemens to design, supply, install and commission an integrated parcel sorting system able to handle up to 100,000 parcels per day.
Read MoreQuantium Solutions (Australia) Pty Ltd, the wholly-owned subsidiary of Singapore Post Ltd (SingPost Group), is acquiring 100% of Couriers Please Holdings Pty Limited (CP Holdings), an Australia-based parcel delivery company, from New Zealand Post Group for A$ 95 million, complementing its ecommerce logistics capabilities in Australia, in an announcement by the Group.
Read MoreSingapore Post has said online shopping now accounts for as much as 27% of its entire revenue.
Read MoreSingapore Post has begun rolling out its new generation of post offices island-wide.
Read MoreSingPost recorded creditable financial results for the first quarter of the year as e-commerce shipping pushed revenue up 4.8% year-on-year and helped profits grow 5.1%.
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