KUALA LUMPUR (Oct 16): Swift Haulage Bhd is keen to be the first logistics player to transition its fleet to renewable-powered trucks, as it commits to procure only electric prime movers or trucks powered from 2030 onwards.

Notably, Swift is the country's largest hauler and a leading integrated logistics service provider with a fleet of over 1,500 prime movers.

The move was in conjunction with the official launch of Swift's green logistics division at the Malaysia International Trade and Exhibition Centre (Mitec). The launch represents a significant step by Swift towards sustainable and environmentally conscious logistics solutions.

The ceremony, graced by the presence of Minister of Transport Anthony Loke Siew Fook, also marked the handover of Malaysia's first electric prime movers to Unilever Malaysia, a global leader in consumer goods.

Simultaneously, Unilever Malaysia became Swift's first client to embrace these electric vehicles, setting a new standard for sustainability and environmental responsibility in their supply chain.

The event was co-hosted by AmBank Group, a key stakeholder providing crucial financing for the electric prime movers.

Speaking at the launching ceremony, Loke commended Swift, Unilever Malaysia, and AmBank for their collaborative efforts to promote greener and more sustainable logistics practices in the country.

"Swift has shown a remarkable spirit of innovation, leading the way in pioneering these eco-friendly vehicles. Their willpower and dedication to marking this transition a reality are remarkable.

"Swift has successfully brought together all the necessary parties, from partners like Volvo, which provided the electric prime movers, to co-sponsors like AmBank Malaysia, which facilitated the financial support, and Unilever, a good leader in consumer goods," said Loke.

Swift Group chief executive officer Loo Yong Hui emphasised the company's commitment to sustainability.

"At Swift, sustainability is not just a buzzword. It's a guiding principle. We firmly believe in the triple bottom line, where companies work for the people, planet and profitability. Today, we are taking a monumental step towards a more sustainable future by launching our green logistics division and delivering Malaysia's first electric prime movers to Unilever Malaysia.

"Our commitment to the environment is unwavering. By adopting electric prime movers, we will significantly reduce carbon emissions, noise pollution, and dependency on fossil fuels. We are proud to be pioneers in Malaysia's logistics industry by introducing cutting-edge technology and electric vehicles that will redefine the way goods are transported," said Loo.

Loo noted that electric prime movers offer greater energy efficiency, lower maintenance costs and a quieter operation, contributing to a more sustainable and cost-effective logistics solution in the long run.

"We hope that with the launch of our dedicated green logistics division, we will facilitate more companies in their quest for more sustainable and environmentally-conscious logistics solutions," Loo added.

Unilever Malaysia head of country Lenny Chuah said the company's commitment to sustainability perfectly aligns with Swift's vision for a greener and more sustainable future.

"By collaborating with partners, suppliers and logistics providers, we are creating a robust network of sustainable practices. Through shared knowledge and mutual support, we are amplifying our impact, driving meaningful change for the environment," said Chuah.

AmBank to provide Swift with RM20 mil green financing annually

In a significant step towards reducing carbon emissions and promoting a cleaner environment, AmBank has provided financial support to Swift's procurement of electric prime movers.

This green financing initiative aligns with AmBank's dedication to fostering eco-conscious practices and contributing to Malaysia's efforts to combat climate change.

AmBank Group chief executive officer Datuk Sulaiman Mohd Tahir said the bank will provide Swift a financing sum of RM20 million annually for a tenure of between 10 and 15 years for the procurement in electric vehicle trucks and prime movers.

The green financing will also offer lower interest rate to encourage more clients to embark on their sustainability journey, Sulaiman said.

"We are honoured to support Swift in this ground-breaking endeavour. Financing the delivery of Malaysia's prime movers aligns seamlessly with AmBank's commitment to driving sustainable innovation. By empowering such transformative initiatives, we pave the way for a greener future while fostering economic growth and resilience. This will definitely redefine green logistics standards in Malaysia, at the same time supporting the government's aspirations toward net zero carbon emission by 2050," he added.