Tasco sees new opportunities as freight rates trend down

By GURMEET KAUR

OVER the last two years, logistics player Tasco Bhd has notched up record profits as Covid-19 disruptions to global trade helped it gain more customers, while soaring international freight rates boosted earnings.

Freight rates are now trending downwards and could normalise by early 2024, according to consulting firm McKinsey & Co.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Tasco , logistics , Andy Lee Wan Kai , freight rates

Next In Business News
POWERING ASEAN’S DIGITAL GROWTH
Indonesia MSCI alert sends ripples to Malaysia
Turning footfall into higher profits
Eco Business Park 8 first look signals new industrial opportunities in JS-SEZ
Wawasan Dengkil unit enters 25-year sublease for solar plant site
ICT Zone Asia secures RM23.82mil hardware deal
Fire hits Kumpulan Jetson subsidiary’s Port Klang factory
SDS Group’s London Bakery acquires 14.32 ha in Johor for RM101.7mil
Carlo Rino eyes Main Market transfer by 2H26
MTAG unit proposes RM53.6mil land acquisition in Tebrau

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.