Singapore Post saw steady revenue decline for 2019, as falling mail volumes and weaker logistics performance offset domestic and international parcels growth.

Mail volumes fell more than 10% year on year in H2 2019. While the post saw strong uptake for its e-commerce packet services, these remain only a small share of its total revenue. After exiting its US businesses in 2019, the post is looking to focus on e-commerce services in Asia Pacific, using Singapore as a regional hub. For more details download the latest IPC Carrier Intelligence Report for Singapore Post.

 

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