Join our daily newsletter At The Bell to receive exclusive market insights
- Yojee (YOJ) has signed an agreement to provide Kuehne + Nagel Logistics Solutions Philippines with its software as a service logistics platform
- The deal, signed by subsidiary Yojee Solutions, has a three-year term, while the platform is expected to go live in by the end of July
- This is designed to track and optimise freight movement along the entire logistics chain
- Yojee shares are trading 34.6 per cent higher for 3.5 cents each
Yojee (YOJ) has signed an agreement to provide Kuehne + Nagel Logistics Solutions with its software as a service (SaaS) logistics platform.
The deal signed by Yojee’s subsidiary registered in Singapore, Yojee Solutions, has a three-year term and will see the platform rolled out in the Philippines.
This logistics platform is designed to manage, track and audit the movement of goods as well as optimise routing and scheduling.
The project with Kuehne + Nagel Logistics Solutions will allow the company to track parcel movements on an ongoing basis and is expected to go live by the end of July 2020.
Yojee Managing Director Ed Clarke said the company is excited to be working with Kuehne + Nagel as the company is also focused on a digital future.
“The team have a clear focus on IT- based integrated logistics solutions and growth in Asia in 2020. We are confident that the SaaS Platform will deliver huge value for Kuehne + Nagel across their business over time in terms of further digitising and bringing ‘visibility’, ‘accountability’ and ‘control’ to their business and ultimately benefit customers. We look forward to building a long-term relationship.”
Kuehne + Nagel said that the digitalisation of supply chains will allow it to improve efficiency and to meet the increasing demand from customers.
Yojee shares are trading 34.6 per cent higher for 3.5 cents each at 2 pm AEST.
