Daily Markup

Daily Markup #651: Haulio acquires Indonesian digital logistics platform Logol to expand its haulage network across Southeast Asia

December 12, 2022 · 2 min read
Credit: Haulio

Growing in numbers

  • 500-backed Singapore-based logistics company Haulio is going places — and we don’t just mean shipping containers across Southeast Asia! The team made their first overseas acquisition, taking a controlling stake in Indonesian digital logistics platform Logol.
  • Haulio optimizes container space to ensure that empty miles are minimized, making moving containers on land more efficient. The team does this for 1.8 million containers annually!
  • Logol’s product streamlines data entry for logistics players by allowing shippers and haulers to connect to others within the supply chain.
  • Haulio’s network is made up of 800 trucking and haulage companies and a fleet of 10,000 first-mile vehicles. After acquiring Logol, the company’s shipping units have increased by 2,000.
  • “We strongly believe acquiring Logol will fast-track our growth by increasing our regional fleet coverage. Likewise, Haulio’s track record as a leading digital hauler in Singapore and Thailand will help to drive growth and wallet share for Logol’s haulage arm in Indonesia,” shared Co-founder & CEO Alvin Ea.
  • Moving forward, Haulio is planning to launch Payment Portal, an integrated e-billing payment platform.
  • In other news, Haulio also signed a Memorandum of Understanding (MoU) with the National University of Singapore’s Centre of Excellence in Modelling and Simulation for Next Generation Ports. Under the partnership, theywill develop the Smart Haulage Scheduler, which aims to increase productivity in Singapore’s logistics sector.
  • Read the full story on DealStreetAsia. A subscription may be required.
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