At a glance
- Company
- Swift Haulage Bhd
- Announcement
- Expansion
- Location
- Klang
Key figures
- Target contribution from warehousing and container depot services
- 25 per cent
- Current contribution from warehousing and container depot services
- 15 per cent
- Container haulages and land transportation contribution
- 75.6 per cent
- Planned investment this year
- RM30 million
- Warehouse investment timeframe
- three to five years
- New warehouse capacity
- 269,000 square feet
People
- Loo Yong HuiGroup chief executive officer
Products and programs
KLANG, February 20, 2024 -- Swift Haulage Bhd is eyeing a 25 per cent contribution from its warehousing and container depot services segment from the current 15 per cent.
Currently, Swift’s container haulages and land transportation services contribute 75.6 per cent to the group, followed by warehousing and container depot and freight forwarding services.
Group chief executive officer Loo Yong Hui said the company is looking at investing in warehouses within the next three to five years to match the market demand.
“We are looking at investing about RM30 million this year to construct another warehouse in the northern region, specifically Penang, as we are aggressively expanding the warehousing and container depot services segment,” he said after launching its eco-friendly warehouse and haulage office at Pulau Indah here today.
At the same event, Swift signed an integrated logistics services agreement with Sharp Electronics (Malaysia) Sdn Bhd for the provision of warehousing, storage, and handling services.
Swift’s new warehouse is located just 5.5 kilometres (km) from Westports, 25 km from Northport Industrial Park, and 74 km from Kuala Lumpur International Airport.
Featuring a warehouse capacity of 269,000 square feet (sq ft) and 26 loading bays, the new facility is equipped to handle the most demanding logistics needs of clients.
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Questions around this news
What is Swift Haulage’s target for its warehousing and container depot segment?
Swift Haulage Bhd is seeking to increase the segment’s contribution to the group from 15 per cent to 25 per cent. The company said it plans to invest in warehouses over the next three to five years to respond to market demand.
What warehouse investment did Swift Haulage announce for Penang?
The company said it was looking at investing about RM30 million this year to build another warehouse in Penang, in the northern region of Malaysia. The release describes this as part of its expansion of warehousing and container depot services.
What are the features of Swift Haulage’s new warehouse?
The new facility has a stated capacity of 269,000 square feet and 26 loading bays. The release says it is 5.5 kilometres from Westports, 25 kilometres from Northport Industrial Park and 74 kilometres from Kuala Lumpur International Airport.
Earlier from Swift Haulage Bhd
- Swift Haulage shares surge 8% in early trade ahead of emergence of Thai logistics group SJWD as substantial shareholder
- Thailand’s largest logistics player buys 20% of Swift Haulage
- Swift Haulage Commits to Procuring Exclusively Electric Prime Movers, Trucks from 2030
- Anthony Loke: Sustainable, environmentally-friendly vehicles set to transform logistics sector
- Swift Haulage’s associate launches Sabah's largest cold chain hub
