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NEWS

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Logistics start-up Lalamove raises $136m to boost growth

The logistics start-up Lalamove that operates here and across the region has raised US$100 million (S$136 million) in its latest funding round. The round was led by ShunWei Capital, with participation from several previous investors, including Xiang He Capital and MindWorks Ventures.

Hong Kong-based Lalamove will use the funds to ramp up growth in China and South-east Asia, as well as invest ...more

Advanced robotics at YCH's new facility

Singapore logistics player YCH has given the fast-growing sector a big boost by unveiling what is said to be the region's largest and tallest automated storage retrieval system in Jurong West.

Its top-of-the-range Supply Chain City facility, launched yesterday at the Jurong Innovation District, uses cutting-edge technology.

YCH chairman Robert Yap said at the launch: "We can serve ...more

Self-storage firm Beam, cashes in on vacant industrial space

Singapore

THE oversupply of industrial space in the market bodes well for Beam Space, says Anna Chew, CEO of the one-year-old warehousing and logistics startup, in a recent interview with The Business Times.

The "storage concierge" company - an integrated self-storage company that provides add-on services such as transportation, delivery and mobile inventory keeping - is taking advantage ...more

Govt allots $2.8m to boost supply chain and logistics

Government agencies Spring Singapore and Workforce Singapore (WSG) have put aside $2.8 million to groom the next generation of start-ups in supply chain and logistics and develop capabilities in small and medium-sized enterprises .

The initiative will be done through what is called the Supply Chain & Logistics Innovation Playground (Sclip), set up by industry body Supply Chain Asia, said ...more

Pilotless planes can save industry $48b: UBS

Driverless cars, move over.

The next big thing in transport might be pilotless planes, though nervous passengers will need some reassurance first.

An investment research report out earlier this month estimated the move could save the industry as much as US$35 billion (S$47.7 billion) a year in pilot, fuel, logistics and insurance costs, as computers optimise the flights, and human ...more

Air cargo growth shows signs of peaking

Singapore

THE air freight market has rebounded in tandem with improvements in global trade, but signs that growth has peaked have emerged.

In the first half of this year, cargo demand, measured in freight tonne kilometres (FTKs), expanded by 10.4 per cent year on year, data from the International Air Transport Association (Iata) shows. This was the strongest first half-year performance ...more

How Changi Airport got to where it is today

IN March this year, Changi Airport clocked a record of handling one billion passenger movements since it started operations in 1981; we expect to handle 60 million passengers this year.

This, by any standard, is a sterling record because the numbers comprise only international passenger movements, as we don't have domestic flights. Changi Airport is today a world strategic air hub connecting ...more

Ascendas-Singbridge joins Firstspace to target India's industrial, logistics sector

Singapore

ASCENDAS-SINGBRIDGE Group and Indian industrial real estate specialist Firstspace Realty are working hand in hand to build logistics and industrial facilities in major warehousing and manufacturing hubs across India.

The joint venture Ascendas-Firstspace aims to meet the infrastructure needs of businesses in India tapping high-growth industrial verticals such as third-party ...more

Global aviation headed for better profits despite cost pressures

Cancun, Mexico

EVEN with cost pressures on the rise, the world's airlines are now expected to post better profits this year, buoyed by robust demand in the passenger and cargo sectors.

In its latest estimates on Monday, the International Air Transport Association (Iata) raised its 2017 profitability projection for the global airline industry from its previous estimation of US$29.8 ...more

Lazada moves warehouse to SingPost logistics hub

Online shopping platform Lazada Singapore has moved its warehouse operations to the SingPost Regional eCommerce Logistics Hub in Tampines in a bid to streamline its e-commerce and logistics efforts.

The move also signals Chinese tech titan Alibaba's growing ambitions to capture the South-east Asian consumer market, as both companies - Lazada and SingPost - have received significant investments ...more

Local e-commerce start-up Anchanto bags funding and deals

Rising home-grown e-commerce and logistics platform Anchanto has won fresh funding and partnership deals from two of Asia's leading e-commerce firms.

The deals will help Anchanto pursue its goal of becoming the top e-commerce selling and logistics platform in South-east Asia by 2019. The start-up declined to disclose exactly how much was raised but said it was in the "millions".

The ...more

25 awards given to airlines that helped grow S'pore air hub

Twenty-five awards were given out last night to airlines that contributed to the growth and development of the Singapore air hub over the past year, as part of the 12th annual Changi Airline Awards.

The ceremony, organised by Changi Airport Group (CAG) and held at The St Regis Singapore, was attended by Minister for Education (Schools) and Second Minister for Transport Ng Chee Meng.

The ...more

Changi's passenger traffic grows 4.7% in Q1 to 15 million

Changi Airport handled 15 million passengers in the first quarter of 2017, a 4.7 per cent jump compared with the corresponding period last year.

China accounted for about 10 per cent of total passenger movement during this period, Changi Airport Group (CAG) said in a media release yesterday.

Aircraft movement in the quarter rose 2 per cent year-on-year to 90,540, while airfreight ...more

Faster processing of parcels with Changi's e-Commerce AirHub

Online shoppers can expect a shorter wait for their items with the opening of a $21 million facility at Changi Airport where products shipped from overseas are automatically scanned, sorted and immediately handed to SingPost for delivery.

In the past, these standard postage items were manually scanned and sorted, said ground handler Sats.

With the latest technology and automation ...more

SATS unveils S$21m e-commerce airhub

Singapore

CONSUMERS can expect overseas packages to arrive sooner with the opening of SATS' new eCommerce AirHub.

The S$21 million facility, which was officially opened on Thursday, will enhance Changi's e-commerce mail-sorting capability by more than three times, supporting the growing e-commerce market. It will also reduce the processing time by half - from six hours to three. This ...more
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