Geodis ASEAN sub-regional managing director Rene Bach-Larsen said: “As the region’s road infrastructure continues to improve beyond the Singapore-KL-Bangkok spine, scheduled road transits will become an increasingly attractive option, being faster than sea and cheaper than air.”The company said the Geodis road network (GRN) would offer scheduled departures for consignments along the Singapore-Kuala Lumpur-Bangkok axis, with multimodal gateway services beyond these hubs.The scheduled service will hub at Singapore, Kuala Lumpur, Penang and Bangkok.
And it's material for Yojee as per the statement of work signed with Geodis (see today's announcement):
Terms of the Subscription Order The new Subscription Order will be effective as from the completion of the SOW and will replace the previous Subscription Order. Fees will be charged monthly based on per country transactional volume. The Subscription Order has an initial term of 3 years at the end of which, it will automatically renew for successive 12-month periods, subject to standard termination clauses (including termination by either party on 90 days' notice at the end of each Subscription Period). Set-up and configuration fees will be charged for the initial three-country roll-out and upon further country additions as may be agreed by the Parties from time to time.
Per country, per transaction = strong revenue
YOJ Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
