Logistics companies with inter-linked shareholdings can share prime movers and trailer beds to carry luton/box and general cargo from 5 May, according to Datuk Seri Dr Wee Ka Siong.
The Transport Minister said this is an expansion of an initiative announced last year, which allows these logistics companies to share prime movers and trailer beds to carry container cargo.
Dr Wee said this is to boost the efficiency and services provided by the logistics sector.
“This initiative is implemented after continuous reviews to ensure existing regulations are in line with the industry’s development and to contribute to its efficiency,” he said.
In September last year, Dr Wee said that the move would allow greater flexibility by allowing companies within the same group to interchange their prime movers, trailers, and semi-trailers in response to changing market demands.
Dr Wee added that aside from the existing conditions set when the initiative was introduced last year, this initiative only involves first-tier subsidiary companies.
He said then that this means that the parent company holds equity of at least 51 percent in the subsidiary.
