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SingPost inks e-commerce logistics deal with POST Luxembourg

Wednesday, August 31, 2016 - 18:28

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SINGAPORE Post (SingPost) customers can expect better and faster delivery of e-commerce shipments between Asia and Europe come end-September.

SINGAPORE Post (SingPost) customers can expect better and faster delivery of e-commerce shipments between Asia and Europe come end-September.

The local postal service provider has signed a strategic collaboration agreement with Luxembourg-based postal company POST Luxembourg to provide end-to-end e-commerce logistics solutions between the two continents.

The two companies said in a joint announcement on Wednesday: "POST Luxembourg will be a new European gateway for SingPost and SingPost will be POST Luxembourg's new gateway to Asia."

Customers of POST Luxembourg and SingPost will be able to do end-to-end tracking of e-ommerce shipments. Delivery times will also be more predictable. All of these are expected to increase customer satisfaction, said the two partners.

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Mervyn Lim, covering group chief executive officer of SingPost, said: "This collaboration underscores SingPost's strength in forging close working ties with partners around the world that enhance our global e-commerce logistics ecosystem."

SingPost shares slipped by one Singapore cent to close at S$1.365. The deal was announced after the market closed on Wednesday.

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