Teleport ready to accelerate operations, announces new board members

KUALA LUMPUR, June 1 (Bernama) -- Teleport, the logistics venture of Capital A Bhd is ready to accelerate its operations with the return of travel and belly capacity in passenger planes in Southeast Asia.

Teleport chief executive officer (CEO) Pete Chareonwongsak said the re-opening of international borders will also allow it to demonstrate its full operating model at scale. 

"This is already evident in the increase of revenue via belly capacity as well as our delivery volumes growing by 60 per cent quarter-on-quarter, which allowed us to reach profitability in cross-border delivery in March. 

"We are determined to push ourselves to be ahead of the curve with our competitive advantage in network and technology at the core. The time is right for us to now double down on our mission to connect more of Southeast Asia and to do it faster than anyone else," said Pete in a statement.

Last year, Teleport's revenue grew 58 per cent to RM147 million year-on-year, mainly attributed to investment in a freighter-like network and a continued focus on e-commerce delivery. 

Meanwhile, the company also announced new members to its board of directors.

It appointed Augustus Ralph Marshall as its independent non-executive chairman. Ralph is also currently the CEO of Digital Nasional Bhd (DNB).

Teleport also appointed Olivier Petra, an independent non-executive director. Olivier is the global head of digital commerce supply chain at Unilever. 

The newly elected board members will join Tan Sri Tony Fernandes, Datuk Kamarudin Meranun, Hanim Hamzah, Bo Lingam, Colin Currie and Pete to oversee the strategic direction of the company. 

-- BERNAMA