In a move to bolster supply chain efficiency and road safety, the Ministry of Transport is set to overhaul its policy on vehicle replacement. This upcoming policy aims to encourage the logistics and transportation sectors to invest in modern, new trucks, thereby enhancing the overall effectiveness of the supply chain.
Minister Anthony Loke announced that a more comprehensive policy is being developed to guide the private sector in upgrading their fleets. The initiative seeks to address the challenges posed by outdated vehicles, which can impact both safety and operational efficiency.
The revised policy will also promote the adoption of electric buses and trucks, supporting a shift towards environmentally friendly and sustainable transport solutions. By focusing on modernizing vehicle fleets, the policy aims to reduce maintenance costs, improve fuel efficiency, and strengthen the reliability of supply chain operations.
The Ministry will soon provide further details on the policy’s implementation, with an emphasis on improving logistics performance and fostering investment in advanced transport technologies.
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