PT Express Transindo Utama Tbk

HistoryPT Express Transindo  Utama Tbk., further  referred as ‘Express Group’  or  ‘the  Company’, has  built a reputation as one of the  leading,  most innovative and the biggest transportation service providers in Indonesia with  experience of more  than two decades.Express  Group   embraced  a  status  of  a  public  company through the  implementation of  Initial Public  Offering  (IPO) on Indonesia Stock  Exchange on November 2, 2012,  through which   the   Company released  1.05   billion  shares or  equal to  49.0% of total  issued and  fully paid-in Capital  of the Company. The stake ownership in Express Group shows that PT Rajawali Corpora is the majority shareholder by dominating 51.0% from total share capital of the Company.As the  corporate vision, Express Group has  applied  a unique partnership business  model that  offers mutual  benefits for the  company, partner drivers  and  the  public  in general. This business model  has  earned recognition from  United  Nations Development Program (UNDP) in 2008  for  the  contribution to the  provision  of jobs as well as economic development by empowering the public as the stakeholder.Express Group has also gained solid reputation for its professional management system to upgrade quality of services. Express Group realizes the importance of balance between service to partner drivers and to customers. For the company, driver are essential partners which make its taxi operating system different from other operators. We take brave steps by claiming our drivers as a partners as well as parts of the company and offer them to personally own the taxi unit they operate. In doing business, Express group diffuses the philosophy of building modern taxi company into the company culture in order to create a state where we exceed our customer's expectation.Product & ServicesThrough  December 31,  2016,  Express Group  has  managed more  than  17,000 skilled drivers  and  a total  of 9,740 fleet. With operational areas covering  Jadetabek, Bandung, Medan, Surabaya, Semarang,  Padang  and  Bali as  well  as  Lombok through the associates, the Company successfully establishes a wide customer base representing various market segments through the  delivery of regular  taxi service, premium taxi, as well as Value-Added Transportation Business (VATB) including limousine and bus  services.Express Group is optimistic with the prospect of the Company performance in the upcoming year as the stronger fundamental across the business lines that was established will create a room to grow the business in the future years. Meanwhile, there is still a huge potential for developing the transportation service along with the Company’s decision to focus its business development plans to support the government’ infrastructure development agenda.Benny Setiawan, President Director PT Express Trasindo Utama said, “We have maintained our full commitment in this industry for 20 years by continuing to create innovative products and services for our customers. The company is set to boost the quality of its services and with the strategic partnership, the performance in upcoming years will be better.

According to the GICS (Global Industry Classification Standard) version of March 2023, PT Express Transindo Utama Tbk’s industry classification falls within the following categories:

• Sector: Industrials
• Industry group: Transportation
• Industry: Ground Transportation
• Sub-Industry: Cargo Ground Transportation