The container haulage operator, which started its operation in March this year, is investing in 20 Mercedes-Benz prime movers, 100 trailers, a depot building and haulage software system
LANDBRIDGE Haulage (M) Sdn Bhd, a new container haulage operator, is investing some RM15 million to strengthen its position for when the market recovers.
It is spending the money on 20 new Mercedes-Benz prime movers, 100 trailers, a depot building and haulage software system.
Chief operating officer Azmin Yusoff expects the economy to rebound by the year-end, by which time it will be ready to seize the opportunities.
"We are very confident that the company will not be affected by the current economic slowdown as it has the business backing of major customers who have signed up long-term contracts with the company," Azmin told Business Times.
With its fleet of new prime movers, Landbridge is confident of providing efficient and reliable services to its customers.
It hopes to have 100 prime movers in the next four years and expand its coverage across Peninsular Malaysia.
Landbridge is the latest container haulier to enter the industry. It started its operation in March this year with an initial capital of RM3 million.
It is helmed by Azmin, former chief executive of Kontena Nasional Bhd, who has more than 26 years experience in the local haulage industry.
"The industry is big enough to accommodate a few more players," he said.
Landbridge's depot and office in Westports was officially opened last week by Datuk Markiman Kobiran, chairman of the Commercial Vehicles Licensing Board.
Source: Business Times