Yoma Fleet, a subsidiary of Singapore-listed Yoma Strategic Holdings, has launched a truck and trailer rental service, YomaRentals.Asia, targeting logistics companies during periods of peak demand.
Logistics is an important sector in Myanmar and the government’s National Logistics Master Plan, drawn up by the transport and communications ministry with aid from the Japan International Cooperation Agency, forecasts that cargo movement to and from Myanmar will double to 312 million tonnes by 2030 compared to 169 million tonnes in 2015.
Similar to its car rental service, Yoma Car Share, which was launched in 2018, YomaRentals.Asia also has a website where after registering as a member you’ll be able to reserve, unlock, and drive. Daily rates for trucks are around K130,000 with a kilometer charge of K78/km. Trailers are charged at K23,000 daily and K124/km.
The predominant land routes for freight are from Myawaddy to Yangon, and Yangon to Mandalay. Around 70 percent of the cargo in Myanmar is moved on the Yangon-Mandalay corridor. This is where YomaRentals.Asia will step in to provide its new trucks and trailers, which not only consume less fuel, making the transport more efficient, but also give more savings to the clients.
The service currently provides Japanese Hino, Chinese Fuso, and Italian Iveco trucks. The fleet is able to move reefer boxes, refrigerated containers, 40-ft to 45ft containers; low-loaders and more. The firm has also developed “a poor-man’s reefer box” by taking reference from Vietnam, where shipping containers, with the refrigerator unit removed and replaced, have been converted into a diesel-electric refrigeration unit.
Yoma Fleet is estimated to invest K3 billion in this calendar year into YomaRentals.Asia. YomaRentals.Asia has rental hubs in Myawaddy, Yangon, Mandalay, and would open one later this year in Muse.
Source: Myanmar Times