It has been a positive month for high-tech logistics company Yojee (ASX: YOJ) with six new SME customers and a major upgrade agreement signed so far in November on top of recent technical advancements.
The company was trading 0.3c higher today, up 4.3%, to 7.2c on Monday after reporting that since a suite of new features were released on November 16, three SME customers have been signed up in just six working days.
The first National Leader in Australia utilising Yojee’s technology – Sinotrans Integrated Logistics Australia – has now deployed Yojee’s partner model across partners in four states of Australia and this growth is expected to continue.
The Company has now been able to add healthy numbers to its partner model pipeline in addition to the large direct sales pipeline being built through its sales and marketing activities.
Yojee is also working to deploy new business units with Scharff in Peru and Bolivia as the business works through its transformation program.
Meanwhile, the company’s expansion agreement with existing customer Aero Line Services – in which Yojee’s software will be used to for applications in the finance logistics industry – has now gone live with Yojee to receive a 10% surcharge fee on the freight and courier fees charged by Aero Line.
Yojee has also completed a number of delivery projects for major multinationals on commercial terms to handle the volume boom in the lead up to and during Singles’ Day – held annually in China on 11 November as a celebration of being single.
The Company has received expressions of interest from the market to handle up to 500 jobs per day as an overflow service provider, a key and unique value add to the Company’s technology.
Both American and Chinese operators have been actively using the Company in this regard and the Yojee Network is in a good position to assist during the upcoming Christmas Period.
