Driven by strong growth for its Postal division, resulting from increased international shipments, Singapore Post’s total revenue grew 9.2% in 2017. International mail revenue grew by more than a third year on year. The operator derived more than half of net sales from e-commerce services in 2016 and 2017. It reported strong growth in last-mile delivery volumes for its parcels and express subsidiaries in Singapore and Australia, while freight forwarding revenue in Asia Pacific grew by more than 10%. For more details, download the IPC Carrier Intelligence Report for Singapore Post.
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