SingPost seeks logistics comeback as mail slides into red

Deal for Australia's FHM aims to bolster position in cutthroat market

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Australia's Freight Management Holdings is at the core of Singapore Post's pivot to logistics. (Photo courtesy of Singapore Post)

MAYUKO TANI, Nikkei staff writer

SINGAPORE -- Singapore Post is betting its future on a pivot to logistics as shrinking demand for mail delivery drives the venerable company to another foray into a fiercely competitive sector.

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