TPM: Forwarders need 'clout' to survive as the ocean carriers move in
Ocean carriers undermining forwarders that don’t have “enough clout” will drive consolidation this year. Delegates ...
© Lavendertime
By Alex Lennane
Singapore Post is eyeing a 38% stake in Australian 3PL Freight Management Holdings for A$85m (US$60m) in cash.
The post company’s subsidiary, SingPost Logistics Holdings, agreed on Friday a conditional purchase that will see SingPost set up a new holding company in Australia, reports The Straits Times. SingPost said the acquisition was in line with its strategy of becoming “a leading e-commerce logistics solutions provider” focused in Asia Pacific.
Comment on this article