- Supply chain and logistics specialist Yojee (YOJ) has signed a three-year deal with Thailand-based Siam Shoreside Services (SSS) for the Yojee logistics platform
- The deal will see SSS use Yojee’s AI-based supply chain and logistics tech across its freight operations
- In return, Yojee will pocket a per-transaction fee on top of monthly minimum fees for container movements
- While Yojee said the subscription and per-transaction fees are not financially material, SSS puts Yojee in the league with some big names
- SSS is an A.P. Moller — Maersk group company, which is the largest shipping container company in the world
- Yojee shares are trading almost 20 per cent higher in late-market action, currently worth 22 cents each
Supply chain and logistics specialist Yojee (YOJ) has signed a three-year deal with Thailand-based Siam Shoreside Services (SSS) for the Yojee logistics platform.
Yojee’s software-as-a-service (SaaS) tech uses artificial intelligence and machine learning to optimise supply chain and logistics operations. The tech can track and manage freight movements across an entire logistics chain.
SSS is a Thai transportation company with a simple motto: “We make shipping big stuff easy.”
After today’s deal, it seems SSS will be able to ship big stuff with even more ease.
The agreement between the companies gives SSS access to Yojee’s SaaS platform across its freight movements. This means from small freights to SSS’ shipping container segment in South East Asia, Yojee’s tech will be used across SSS operations
In return, Yojee will pocket a per-transaction fee on top of minimum monthly fees for container movements. The company will also charge for the implementation and configuration of its tech as it rolls out the software for SSS.
The deal lasts for an initial three years, with the first phase of the roll-out expected in November this year.
SSS Director Rupesh Jain spoke highly of Yojee, calling its tech the “standout solution” in the SEA region.
“The system is scalable, user-friendly and quick to implement, making it perfect for our purposes in this fast-growing region to fast track the growth and improve costs efficiencies while providing greater visibility to our clients,” Rupesh said.
Yojee Managing Director Ed Clarke shared similar sentiments.
“Our signing of a key container logistics operator in Thailand with SSS is another opportunity for us to support the logistics industry in digitalising,” Ed said.
While Yojee said the subscription and per-transaction fees are, at this stage, not financially material, the SSS deal gives the company a foot in the door with some big names.
SSS is an A.P. Moller-Maersk group company — a group which just so happens to be the largest shipping container company in the world.
Yojee shares are trading 19.44 per cent higher in late-market action, currently worth 22 cents each.