FGV ventures into container haulage

by | Dec 9, 2022 | Business, LOCAL | 0 comments

In a statement to the media, FGV Holdings Bhd announced that through its logistics arm and subsidiary, FGV Transport Services Sdn Bhd (FTSSB), it will move into the container haulage business after buying 41 units of prime movers.

The group stated that these prime movers came with low emission specifications engines and 15 of the 41 units would be used for container haulage while the remaining 26 units will be used for heavy duty cargo transportation.

The 41 units deal is the second open tender win by MAN Truck and Bus (M) Sdn Bhd or MAN Malaysia from FTSSB, following the earlier acquisition of 44 units of the previous generation MAN trucks in 2021.

The new MAN trucks for the FTSSB fleet come with the latest technologies such as telematics and advanced driver assistance systems that include driver’s airbag, lane departure warning system and an advanced braking system.

FGV group’s move in this direction is based on the belief that the logistics sector has been a strong contributor to the group’s financial performance due to improved handling and transport rates.

Other factors include higher throughput volume for the transport and storage businesses over the past year which allowed FTSSB to pursue opportunities in this sector and also to uphold their pledge to sustainable business practices.