Web-enabled Digilogistics is studying the needs of more than 20 firms to help them build logistics platforms
Digilogistics.com, owned by Vanda Systems and Communications Holding, is to be given a $400- million transaction boost by one of its partners, chief executive William Chan said.
The partner, who was a big freight forwarder doing global business, including transactions between Hong Kong and the United States, had agreed to put this amount of transaction through Digilogistics' exchange.
'As a result, we will not have any problem meeting our annual target of $1.5 billion,' he said.
Digilogistics.com, which is a neutral Web-based exchange for logistics and transportation service providers and users via the Internet, gets its revenue through charging a transaction fee.
In addition to the trading service, the company enables its 6,000-odd customers to manage the logistics process.
'Our transaction in the last three months amounted to US$2 million (HK$15.56 million),' Mr Chan said, adding that more than 500 transactions had been carried out so far.