Knutsford Express Services Limited, ticker symbol (KEX) is a luxury passenger and courier transportation company. The company offers a safe, reliable, comfortable, and cost-effective scheduled service from convenient locations on the north and south coasts of Jamaica.
The company started operations on June 01, 2006, and currently has over twenty coaches in its fleet.
The company is currently trading on the Jamaican Stock Exchange (JSE) at $7.60 JMD at the close of day December 15, 2021. It traded as low as $5.10 and as high as $9.00 (JMD) for the 52-week range. The shares outstanding currently stand at 500 million units with a market cap of 3.82 billion JMD.
With persons traveling less due to the COVID-19 pandemic, the company’s operations were hit hard forcing the company to seek ways to diversify its revenue streams.
The firm is currently deploying a new software that will allow business customers in Kingston with multiple shipments, to pre-enter items in the system ahead of time and have a Knutsford vehicle pick up the package.
This is part of the company’s plan to become a more active member of several supply logistics chains. The other area of focus is the introduction of more intermediate stops along its various routes which will be complemented by its super terminal at Drax Hall.
This would become a key pillar of the company’s north-coast strategy while growing its logistics business.
The Drax Hall development will also be available for commercial firms looking to use part of the 23,000-square foot area for their operations in St Ann.
From a customer’s perspective, the service offered by the company is exceptional and reliable but a little on the pricey side; however, if you value convenience over cost this is perfect for you.
The service is genuinely becoming island-wide with locations popping up all over. The company still has a lot of room for growth and we can expect big things in the future.
Source: Website, Jamaica Observer, Jamstockex
