BBTruck and Haulio Partner to Deliver Seamless, End-to-End Supply Chain Logistics from Sea to Shore

New strategic partnership to integrate BBTruck's globally pioneering supply chain and logistics technology platform with Haulio's container haulage platform

TAIPEI, Dec. 2, 2024 /PRNewswire/ -- BBTruck, a global leader in supply chain and logistics technology, has announced a strategic partnership with Haulio, Singapore's largest and fastest-growing logistics tech startup in Southeast Asia. This collaboration aims to strengthen the region's logistics ecosystem by integrating BBTruck's supply chain platform with Haulio's container haulage services, enhancing logistics efficiency across both long- and short-haul routes.

BBTruck provides a one-stop B2B supply chain logistics technology platform, enabling precise capacity calculations and resource allocation, optimizing logistics management. Haulio, Singapore's largest B2B truck transportation digital platform, focuses on matching port container transport for port operators, trucking companies, and customers. Haulio currently collaborates with about 90% of Singapore's container logistics companies. By integrating with Haulio's platform, BBTruck will automate fleet assignments upon container arrival, minimizing empty trips and delivering enhanced supply chain logistics management. This partnership also marks BBTruck's expansion into Southeast Asia, opening new market opportunities for its customers.

BBTruck and Haulio Deliver Seamless Transport From Sea to Shore, Enhancing Global Logistics and Supply Chain Efficiency

International maritime shipping plays a critical role in global trade, accounting for about 85% of global commerce, with an annual compound growth rate of over 5%. As Southeast Asia emerges as a key logistics hub, the demand for streamlined supply chains is increasing. A Forbes Insights report highlights that two-thirds of logistics companies see "technological innovation" as key to productivity and performance.

"As international maritime shipping continues to thrive, container throughput at ports will inevitably increase. We are very optimistic about the global growth potential of major commercial ports in Southeast Asia," said Steven Chou, CEO and co-founder of BBTruck. "The majority of traditional logistics companies worldwide still rely too heavily on communicating with ports with paper and phones, manually arranging transport and routes, and keeping manual records after containers successfully reach port. We are happy to partner with Haulio to help traditional logistics providers address the long-standing pain points of fragmented and hard-to-integrate information, thereby enhancing global companies' international trade competitiveness and supply chain management flexibility."

BBTruck Integrates Haulio's Container Haulage Platform To Optimize Both Long and Short Supply Chain Logistics Journeys

BBTruck creates a transparent supply chain logistics management platform for businesses and logistics providers, integrating key data on various truck sizes, equipment, real-time orders, carrying capacity, and addresses to significantly reduce logistics costs and delivery times. Through the integration of Haulio's "Haulio Connectivity System," which matches port container transport, BBTruck will deepen its presence in existing markets including Taiwan and North America while officially expanding into the Southeast Asia market for maritime container logistics services, building a comprehensive world-class logistics ecosystem.

With Haulio's technology enhancing international shipping container data integration, fleet management, and matching, BBTruck's global customers will be able to match available trucks for container transport as soon as containers arrive at the delivery port, using BBTruck's supply chain and logistics technology platform. From port to final destination, BBTruck will offer a convenient API integration interface and comprehensive data exchange framework, enabling full monitoring of capacity data and tracking of shipment status and routes, providing businesses with a seamless, more efficient logistics journey that covers both sea and land transportation.

"The logistics industry is at the heart of global trade and key supply chains, and the role of the Southeast Asian market is becoming increasingly important, said Alvin Ea, Co-Founder and CEO of Haulio. "Haulio has long focused on the Singapore and Southeast Asian markets, and through our automated container haulage platform, traditional container transport companies can improve their transport efficiency. BBTruck's vision of revolutionizing supply chain logistics through technology aligns perfectly with our core values. This strategic partnership marks a new milestone in realizing seamless connectivity between ocean and land transport. We believe this will lead more global supply chain and logistics companies toward successful digital transformation."

Through this strategic partnership, BBTruck will accelerate its expansion into Southeast Asian markets, including Singapore, Indonesia, Malaysia, Thailand, and Vietnam. Building on Haulio's years of market presence and operational capacity in Southeast Asia, BBTruck will establish local transport fleets and partner ecosystems, providing global customers with more efficient and transparent logistics services. BBTruck aims to revolutionize supply chain logistics in Southeast Asia, balancing flexibility and efficiency in every delivery.

About BBTruck

Founded in 2019, BBTruck is a pioneering one-stop platform for supply chain and logistics technology. Our mission is to build a transparent, shared global logistics ecosystem that simplifies supply chain management. As a leader in logistics technology, BBTruck uses cutting-edge solutions for precise capacity calculation and allocation, ensuring efficient, flexible, and sustainable logistics. Since launch, BBTruck has served over 50 top-tier enterprises in technology, healthcare, international logistics, and retail. BBTruck is also the first to achieve carbon-neutral transportation, driving the green logistics revolution and advancing toward a zero-carbon future.

For more information, visit BBTruck's official website: https://bbtruck.cc/index_en.html 

About Haulio

Haulio is Singapore's fastest-growing container haulage platform, with the greater vision of connecting global trade to local first-mile transportation across ASEAN. The company believes in uplifting the industry by empowering its ecosystem of users with its technology. Through the optimisation of resources, Haulio aims to revolutionize international freight logistics towards a collaborative and sustainable future.

For more information, visit www.haulio.io. 

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

BBTruck and Haulio Partner to Deliver Seamless, End-to-End Supply Chain Logistics from Sea to Shore

Revolutionary Model Aligns Insurance Premium with Real-Time Sales Data and AI, Supporting Hong Kong's Online Sellers and Merchants

HONG KONG, Dec. 2, 2024 /PRNewswire/ -- YAS and QBE Hong Kong today announced the launch of the region's first "Pay-As-You-Sell" product liability insurance. Underwritten by QBE and distributed exclusively through YAS, this innovative insurance solution leverages technology from Assureful, an insurtech firm, to deliver an insurance product designed specifically for merchants selling on major online marketplaces like Amazon, eBay, and Shopify.

This new solution offers flexible and reliable insurance policy coverage to Hong Kong enterprises seeking risk management support for their individual e-commerce business models in the US market. The policy covers liabilities such as bodily injury and property damage, personal injury, as well as medical payments.

Creating a New Standard in On-Demand Insurance

Hong Kong is well-positioned to capture the opportunity as global e-commerce sales are projected to grow from $5.13 trillion in 2022 to $8.09 trillion by 2028. According to the World Trade Organization (WTO), Hong Kong was ranked as the world's 10th largest exporter of merchandise trade in 2023. Additionally, the Hong Kong Trade Development Council has revised the city's trade growth forecast for 2024 upward from a robust 9% to 11%. These positive indicators highlight the tremendous potential for e-commerce sellers and merchants in Hong Kong.

Traditionally, projected sales figures are used to determine yearly premiums. However, with this launch, Hong Kong e-commerce sellers will receive fair and dynamic monthly premium pricing tied directly to their online sales activity. This is made possible as the 'on-demand' insurance model integrates seamlessly with all major e-commerce platforms including Amazon, Shopify, and eBay; and utilises live sales projections and data, as well as incorporates product liability insurance coverage tailored to the US market requirements.

The result is a streamlined and cost-effective approach, leveraging artificial intelligence (AI) that analyses risk profiles and needs, thus ensuring that merchants are not excessively or under insured, thereby providing them with the appropriate coverage.

Pioneering the Next Evolution of Insurance

William Lee, Co-Founder of YAS, opined, "We are delighted to announce this strategic partnership with QBE Hong Kong and Assureful. This partnership offers Hong Kong merchants a solution that scales with their business and helps them launch out into the global market. We are using real time data for AI risk profiling to do 21st century insurance, yet another step towards crowning Hong Kong as the international insurance centre."

Lei Yu, CEO of QBE North Asia and Regional Head of Distribution, said, "We are proud to pioneer the 'Pay-as-you-sell' concept for product liability insurance for local merchants, through this tie-up with YAS and Assureful. Given the vast market opportunity in e-commerce, Hong Kong-based merchants need a global insurance provider with the track record and requisite expertise like QBE, who can give them the confidence and peace of mind in executing more cross-border trading."

Rohit Nair, Founder and CEO of Assureful, added, "We're thrilled to bring our e-commerce data-driven capability to Hong Kong and join forces with QBE and YAS. Launching ahead of the seasonal surge, this solution is perfect for Hong Kong merchants ready to scale in the competitive U.S. market."

For additional information, visit https://campaign.yas.io/payasyousell 

About YAS

YAS is offering real time and AI data-driven on-demand embedded solutions.  Licensed under Hong Kong's Insurance Companies Ordinance, YAS empowers individuals and businesses with scalable protection options. YAS Digital Limited (IA License No. FA2648) is registered in accordance with the Insurance Companies Ordinance (Cap. 41 of the Laws of Hong Kong) as an insurance agent for distribution of insurance products in Hong Kong. www.yas.io   

About QBE Hong Kong

QBE Hong Kong is part of QBE Insurance Group and has been serving Hong Kong for more than a century. Today, QBE Hong Kong operations include QBE Hongkong & Shanghai Insurance Limited and QBE Mortgage Insurance (Asia) Limited. As a leading general insurer, QBE Hong Kong provides a comprehensive range of non-life insurance solutions for both business and personal customers. QBE Hong Kong operates through an extensive network of professional insurance agents and brokers.

To learn more about QBE Hong Kong, please visit www.qbe.com/hk   

About Assureful

Assureful, a leading innovator in eCommerce insurance, delivers bespoke coverage solutions designed to facilitate safe growth for online businesses. Operating from offices in the US and the UK, Assureful is renowned for its precision in identifying consumer product risks. Leveraging advanced Generative AI technology, the company achieves unparalleled accuracy in risk assessment, enabling superior underwriting outcomes and empowering businesses to scale with confidence. www.assureful.com

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

YAS and QBE Launch Hong Kong's First "Pay-As-You-Sell" Product Liability Insurance for E-Commerce Merchants