- Shipping logistic software provider Yojee has signed a global three-year service deal with Geodis Singapore
- will provide enhanced digital logistics, shipment tracking and inventory management for air, land and sea projects across the Asian Pacific.
- The deal prompted Yojee to climb a massive 41 per cent in the Australian share market
spiked a 41 per cent in the market today after finalising a three-year global software service deal. signed agreements with Geodis Singapore to provide its digital logistics software towards freight and international shipping management.
The company’s chain management software will be used in multiple ongoing shipping projects across Pacific Asia.
Yojee Managing Director Ed Clarke says the large deal is an appropriate size for the company’s impressive software capabilities.
“We are excited to be selected for this opportunity as we have strategically aligned ourselves to the current needs of the market with innovative technology and are uniquely positioned both technically and geographically to understand and deliver a solution against the requirements of Geodis, a true global leader,” he said.
Geodis Singapore are top ten in the world for sea, air and land shipment transport.
“We work with over 1,000 partners across the region and face challenges in cross-border trucking which solved by Yojee’s solution,” said Geodis South East Asia Road Network Director Dinesh Kenaphaty.
Kenaphaty also expressed Yojee’s ability to support modern logistic requirements, increased efficiency and supportive customer requirements.
One major unnamed project is underway for the company, with further planned projects to shortly follow. Today’s deal has potential to expand towards multiple projects in greater Asia.
Yesterday the company requested a trading halt in lead up to today’s news.
Yojee shares opened in the market today at 8.70 cents and rocketed to 11 cents. The company market cap remains at $62.71 million.