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Essay / Tiong Nam Logistics Holdings
Tiong Nam Logistics Holdings was founded by Ong Yoong Nyock in 1975. Tiong Nam is headquartered in Johor, Malaysia. Tiong Nam started as a small-scale freight company handling consolidated freight and micro-distribution in Peninsular Malaysia. Tiong Nam has started its expansion which extends to other countries such as Thailand, Singapore, Vietnam and China. Today, Tiong Nam Logistics Holdings has more than 2,000 trucks and more than 3,000 employees, because there are different types of customers with different needs. Tiong Nam not only deals with transportation, but also warehousing, express delivery and crane and heavy haulage service. Say no to plagiarism. Get Custom Essay on “Why Violent Video Games Should Not Be Banned”?Get the original essayTiong Nam owns over 75 warehouses, which is the largest warehouse owner in Malaysia, which includes general warehouses, bonded warehouses, cold rooms and free zone warehouses. . Tiong Nam warehouse services are integrated with delivery services. The large fleet of trucks of different capacities helps ensure that goods are delivered on time. Tiong Nam has its internal system to track the goods database to know where the goods are and whether they are delivered on time. Tiong Nam's equipment is kept up to date and relevant so that they can easily establish a connection with their customer. Tiong Nam has also expanded into real estate development. The portfolio includes the development of industrial, commercial and residential properties. Tiong Nam also has the largest cold storage service in Malaysia. The total storage capacity is 388,000 square feet. The cold rooms have multi-temperature capabilities that are frozen, refrigerated and ambient. This is used to facilitate the storage of a large number of products ranging from chocolate, chemicals and photographic film to raw materials used in the production of aircraft. Tiong Nam continued to diversify into real estate development, e-commerce and heavy project freight. Real estate development is also the main focus that helped Tiong Nam's net profit increase in the third quarter. Tiong Nam also plans to get involved in e-commerce businesses for logistics that require warehousing, distribution and door-to-door logistics services. Tiong Nam focuses on heavy project cargoes that are carried on many oversized items as this is a significant return on investment. (Ali, 2016) Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a personalized essay. Tiong Nam Logistics Holdings Berhad has a good result in Bursa Malaysia. This allowed Tiong Nam's customers and investors to have confidence in Tiong Nam so that Tiong Nam can do better in the coming year..