Singapore Post Launches SG$30 Million Automated Sortation Hub

MT Newswires

06/10

Singapore Post (SGX:S08) unveiled a SG$30 million automated sortation hub at the Tampines Regional eCommerce Logistics Hub, according to a company release on Tuesday.

Shares of the e-commerce and logistics company were up nearly 2% in Wednesday trading.

The introduction of a 3D sorter and an intelligent flexi sorter will increase the company's small and medium parcel capacity to 300,000 parcels per day, and take the daily throughput to around 400,000 parcels per day.

The company is also planning to roll out its SingPost@MyBlock by Sept. 30, following successful trials.

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