Wednesday, August 3, 2011

Shell contract to boost Freight Mgmt's earnings

KUALA LUMPUR: Freight service provider Freight Management Holding Bhd (FMHB) will handle Shell Malaysia's warehousing and distribution of their lubricants sector under a four-year contract.

"The third party logistics and warehousing (3PL) arrangement will be a significant boost to our own 3PL business," said FMH managing director Chew Chong Keat on Wednesday, Aug 3.

He said this was a multi-million ringgit agreement but the details on the yield could not be disclosed.

The warehouse to provide the service for Shell would be FMH's 200,000 sq ft warehouse in Kawasan Perindustrian Bandar Sultan Suleiman, Port Klang.

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