Transport & Logistics
SingPost completes sale of Freight Management Holdings for $867m
SingPost completes sale of Freight Management Holdings for $867m
Special dividend to be disclosed “in due course.”
ComfortDelGro rebrands to highlight global expansion plans
The company unveiled a new logo and purpose statement.
Competition regulator says no guidance yet on Grab and GoTo merger
The commission said it is aware of news reports of a possible merger.
Singapore forms taskforce to maximise RTS Link opportunities
It is set to launch by end-2026.
SingPost injects $30m to expand e-commerce logistics hub capacity
This will enable the facility to handle 400,000 parcels per day.
LTA rule puts taxis, private hire cars on equal footing
The number of taxis has fallen by 55% to 13,100 in the past 10 years.
Grab inks 4 MOUs to explore autonomous vehicle tech
Group CEO Anthony Tan noted the rapid advancement of AV tech.
Government says no to separate COE category for private-hire cars
The government introduced regulatory changes for taxis and PHC.
Singapore to provide $40,000 incentive for zero-emission heavy vehicles
This will be available for three years.
Gov’t exploring new rail lines
The government also intends to invest up to an additional $1b for rail management.
LTA to impose new measures to enhance P2P transport industry
This aims to improve its stability, contestability, and inclusivity.
Jardine Cycle & Carriage profit falls 22% in 2024
Revenue remained unchanged at $30.1b ($22.3b).
ComfortDelGro profit up 16.6% YoY to $210.5 m in FY2024
Total revenue also rose 15.4% YoY to $4.48b.
SBS Transit’s net profit up 1.8% YoY to $70.3m in 2024 on more passengers
Operating costs rose 2.5%, whilst EBTIDA fell 4.3%.
SingPost to hold EGM for Australia business divestment
The EGM will be on 13 March 2025.
ComfortDelGro’s VICOM net profit up 6.1% in 2024
The group’s revenue also grew by 6.8%
SingPost operating profit falls 23.8% to $21.1m
Operating expenses outpaced its revenue growth.
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