A controlling stake in the Indonesian logistics startup Logol was acquired by Singapore-based Haulio as its first foreign acquisition.
Haulio, a company founded in 2017 by Alvin Ea and Sebastian Shen, streamlines container shipping on land. With its platform, the company’s 1.8 million twenty-foot equivalent units of cargo that it moves each year have the fewest possible empty miles.
With a fleet of 10,000 first-mile vehicles and 800 trucking and hauling companies, it currently has a network of that size. The company now has 2,000 more shipping units as a result of its merger with Logol.
Haulio is accessible in Thailand in addition to Indonesia and Singapore.
Michael Kartono and Ronald Susanto launched Logol, which has its headquarters in Jakarta, in 2018. Through the use of its product, data input for logistics participants is streamlined, allowing shippers and transporters to communicate with others in the supply chain.
Additionally, Haulio and the National University of Singapore’s Centre of Excellence in Modelling and Simulation for Next Generation Ports inked an agreement of cooperation. The agreement enables the development of the Smart Haulage Scheduler by the two organisations, which would boost productivity in Singapore’s logistics industry.
In the future, Haulio intends to introduce its integrated e-billing payment system called Payment Portal.
