FOR FYE 2022 SWIFT HAULAGE REPORTED REVENUE OF RM643.77M & PRE-TAX PROFIT RM62.3m

Running an integrated logistics provider which ranks as the top haulage company ( 1573 Prime Movers and 6, 373 trailers) in West Malaysia in terms of 20ft TEUs, and includes tight control over warehousing facilities and depots (10.9 million sq ft) , freight forwarding and 3,562 staff, is no mean task for a young engineer of 34. Loo Yong Hui is Group CEO of Swift Haulage Berhad which was listed on Bursa Malaysia on 21 Dec 2021. 

Yong Hui holds a Bachelor’s degree in Chemical Engineering, University of Manchester, U.K. He joined Swift Haulage in 2013, a business controlled and managed by his father, Loo Hooi Keat (currently President/CEO and substantial shareholder of Pelikan International). Hooi Keat, a CPA had worked in multi-nationals before he partnered with Mirzan Mahathir in Konsortium Logistik Berhad in the early 1990s. (Read more about him in our Instagram).

Hooi Keat sold off his shares in October 2010 and began to build the Swift Logistics Group with the takeover of Yinson Haulage (renamed Swift Haulage) in 2011. In mid 2016 Shipping company MISC Bhd divested its logistics business to Swift Logistics. Hooi Keat has more than 25 years experience in logistics.

Yong Hui, under the mentorship of his dad, first took charge of the container haulage division for the Central Region in 2013. In 2019, he was appointed the Group ED to oversee container depot, cross-border transportation, and container haulage division for the Central and Northern Region. In May 2021 he was elevated to the Group CEO/ED position and he oversaw the listing of Swift Haulage on the local bourse. His father, Hooi Keat, 66, remains on the Board of Swift Haulage and is an Advisor at the same time.

If you are familiar with Chinese family run businesses, it usually means the father is still having an eagle's eye on his son and the business. Father and son are major shareholders of Swift Haulage with a combined stake of 37.97% via Persada Bina Sdn Bhd which includes a Bumiputera partner, Dato' Haji  Md Yusoff @Mohd Yusoff Bin Jaafar.

In 2021 Swift acquired a 50% interest in Hypercold Logistics Sdn Bhd to start providing cold chain logistics business (carrying temperature sensitive products over long distances) in East Malaysia. in 2022 Swift Haulage and subsidiaries; Swift Logistics TA Sdn. Bhd. and Swift Integrated Logistics Sdn. Bhd. were awarded with Authorised Economic Operator Certification by the Royal Malaysian Customs Department. It also expanded its business in Singapore by acquiring the entire equity interest in Watt Wah Petroleum Haulage Pte. Ltd.   The construction of three warehouses located in Tebrau, Johor, Seberang Perai, Pulau Pinang and Port Klang Free Zone in Selangor was also completed during the financial year FYE 2022 which expanded the Group's total warehousing storage capacity by 487,000 sq. ft to 1.3 million sq. ft.

ACKNOWLEDGEMENTS

1. Swift Haulage Berhad. 2021 Annual Report. https://robbreport.com.my/2016/11/26/tan-sri-fumihiko-konishi/
2. Swift Logistics. Loo Yong Hui. https://swiftlogistics.com.my/loo-yong-hui/
3. The Star. 18 December 2021. Ganeshwaran Kana. https://www.thestar.com.my/business/business-news/2021/12/18/swift-haulage-eyes-bigger-market-share
4. SmallCap Asia. 6 December 2021. Ian Tai. https://smallcapasia.com/swift-haulage-ipo-8-things-investors-should-know/
5. Pressreader. 14 May 2016. Gurmeet Kaur. https://www.pressreader.com/malaysia/the-star-malaysia-starbiz/20160514/282059096220206
6. The Edge. 24 October 2012. https://www.theedgemarkets.com/article/exclusive-loo-pelikan-csl-share-swap-prelude-bigger-things-0
7. The Star. 2016. https://www.thestar.com.my/business/business-news/2016/05/19/legal-issues-drag-pelikans-corporate-exercise/
8. The Pelikan's Perch. 12 July 2021. Joshua. https://thepelikansperch.com/2021/07/12/pelikan-sells-german-logistics-center/
9. Dawn. 22 February 2023. https://www.dawn.com/news/1375111
10. The Edge. 26 September 2010. https://www.theedgemarkets.com/article/corporate-loo-said-be-exiting-konsortium-logistik