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Agility buys fifth warehouse in Singapore for S$25.5 million

KUWAIT- and Dubai-listed global logistics firm Agility has acquired a fifth warehouse in Singapore for S$25.5 million. Agility said on Tuesday that with the acquisition of the warehouse, which gives the firm more than 600,000 sq ft of warehouse space in Singapore, more services will be offered to its customers. Services include automated quality inspections, a container-management e-system and a...


Tight cost control key for SIA in weak-yield environment

A WEAK yield environment seems to be par for the course for airlines in the region these days. Singapore Airlines (SIA), for one, is still facing overcapacity as it heads towards the tail-end of its financial year ending March 31, 2017. This persistent challenge is putting downward pressure on yields. Adding to the headwinds are uncertain global economy and geopolitical concerns, which weigh on t...


Air cargo market delivers steady growth

The global air cargo market showed steady growth in demand at the start of this year, according to new data from the International Air Transport Association (Iata) . Demand, measured in freight tonne kilometres, rose 6.9 per cent in January from a year earlier. This was down from the 10 per cent annual growth recorded last December, but it was still well above the average annual growth rate of 3...


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