PORT KLANG (Feb 20): Swift Haulage Bhd is expecting its warehousing business to grow further to contribute up to 25% of its total revenue in the next three to five years, from 15% currently, as the country’s largest haulage operator expands its warehousing capacity on the back of strong demand for such services.
This was evident following supply chain disruptions during the Covid-19 pandemic, to the more recent Red Sea crisis, said Swift Haulage group chief executive officer Loo Yong Hui.
“In the coming years, we are going to expand our warehousing capacity. We still have a lot of land banks, vacant land. Just this land here [in Westports], is about 50 acres, and we’ve only used less than 10 acres for this new warehouse, so there are available lands to expand. We [also] have land banks throughout Malaysia, including in Penang and Johor,” Loo told the press after the launch of the group’s latest warehouse and haulage office here.
