Cover Story 2: Rumours of a changing of the guard emerge (again) as MAHB MD s contract expiry nears msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
THE dire situation in the local last-mile delivery market, thanks to oversupply and cut-throat competition, is unlikely to go away anytime soon, with analysts expecting the two main players Pos Malaysia Bhd and GDEX Bhd to remain in the red for the next two years. Analysts are lowering their earnings estimates for both Pos Malaysia and GDEX in the financial years ending Dec 31, 2022 and 2023 (FY2022 and FY2023) to reflect the latest quarterly results. They now expect the two last-mile delivery players to post a net loss.
Local courier Nationwide Express is set to cease all operations after 37 years of service. According to The Edge, the company revealed via a statement that it will shutter its doors for good effective 15 December 2022, with its last pickup slated for 7 December.
Nationwide Express Courier Services Bhd is set to become the latest last-mile delivery company to cease operations amid a challenging and competitive operating environment in Malaysia.
This inspiring book touches on disabilities, accessibility and inclusion thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.