Rubes just to prove your analysis is not far wrong..
From TMT Analytics research note on DB Schenker deal these couple of paragraphs from that support your analysis..
------------------------------- The sheer logistics volumes underline YOJ’s potential In 2017 DB Schenker managed ~100Mland transport shipments just in Europe, 1.3M tonsof total air freight cargo and 2.2M TEU (twenty-foot equivalent containers) in ocean freight volume. Parent company Deutsche Bahn (DB) achieved EUR 2.6BN in Asian revenues in 2016, which we believe is largely attributable to DB Schenker’s 4PL services (fourth-party logistics) given DB’s focus on management of rail assets in Europe.
Looking at YOJ’s approximate pricing model of US$ 1.20 per handled container, US$ 0.40 per pallet and US$ 0.22 per parcel, we believe the financial potential of customers such as DB Schenker, and UPS Asia for that matter, becomes apparent (YOJ recently started a Blockchain pilot with UPS Asia).
YOJ Price at posting:
16.3¢ Sentiment: None Disclosure: Held
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