Sign up for our FREE newsletter
Receive FREE Newsletter
Advanced Search
+

TES: SingPost to buy Australia's Border Express for A$210m

AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS

AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS

The businessman holds out his hand to make a deal. Concept of a contract or deal, making an offer. Signing or renewing a contract. Come to universal consensus. Diplomatic and political success.
By

THE EDGE SINGAPORE reports:

Singapore Post, via its Australia-based subsidiary Freight Management Holdings (FMH), is spending up to A$210 million ($183 million) to buy Border Express, to further expand its presence Down Under and bring its revenue in this market to more than $1 billion.

Border Express, described as the sixth largest national transport and distribution services company in Australia, has a presence across every state and territory in Australia with comprehensive freight connectivity, warehouses and regional centres, providing end-to-end interstate logistics services. 

Border Express runs a network of 16 facilities, a fleet of over 700 vehicles, and has a headcount of around 1,300 serving over 3,000 clients…

The full post is here.

Comment on this article

You must be logged in to post a comment.

    Related Stories

    Topics

    Australia Border Express SingPost Bonza Supply chain radar

    Most read news

    DSV and K+N see margins squeezed hard in third quarter

    Carriers may have 'overshot' on capacity and will need to blank more sailings

    Using Amazon Air services 'a win-win' for 'absolutely satisfied' K+N

    Freight rates on major ocean trades out of India continue to slide

    MSC ship first in line for delays with Montreal dockers set for Sunday strike

    Trump second term would pose a 'destructive risk to the container market'

    Four arrested in Poland following claims Russia shipped explosive parcels

    Red Sea crisis proving 'a boom period' for feeder operators

    Final defendant in Polar Air Cargo case pleads guilty before trial begins

    Could this five-in-one collapsible container finally be the game-changer?

    Surprise meets Virgin Atlantic Cargo's 'bizarre' daily cargo flight to Brussels

    Harim would submit new bid if HMM came up for sale again

    Asia Pacific airfreight market on the up, despite manufacturing slowdown

    US lines: Where is all the sales talent in freight forwarding?

    Jacob David joins Etihad Cargo to lead product innovation

    CMA CGM braces for an even greater financial hit from French windfall tax