Despite a decline in domestic car sales, but car terminal operator – PT Indonesia Kendaraan Terminal Tbk (IPCC) – has delivered strong operational performance throughout 2024, underscoring its position as a key player in the vehicle terminal sector. The company reported significant growth in cargo handled, ship calls, and internal transformations, all contributing to its positive results.
In 2024, IPCC handled 1,057,831 units of cargo, reflecting a 15% increase (138,505 units) from the previous year. This growth demonstrates the company’s solid performance and strong trajectory within the sector.
The company also experienced a notable 42% increase in ship calls, totaling 2,978 units —an additional 878 calls compared to the previous year. This surge is indicative of the growing demand within the transportation and logistics industry, particularly in vehicle transportation.
This outstanding performance can be attributed to several key internal transformations at IPCC. These include upgrades in human resources (HR), the digitalization of operational systems, and the integration of ERP-based financial services.
These changes have improved operational efficiency and strengthened the company’s competitive edge in a challenging market environment. With enhanced operational standards, upgraded infrastructure, and revitalized equipment, IPCC has maintained smooth and productive service for its customers.
Sugeng Mulyadi, President Director of IPCC, emphasized that the company’s success is the result of strategic collaboration both internally and externally.
“Improvements in business processes, the adoption of technology, efficient HR management, and strengthened HSSE (Health, Safety, Security, and Environment) practices have been key to achieving this exceptional performance. We extend our deepest gratitude to all parties involved in this achievement,” he said.
TRUCK, BUS, HEAVY EQUIPMENT SIGNIFICANT CONTRIBUTION
In addition to the overall growth, IPCC has also seen a substantial increase in the handling of truck, bus, and heavy equipment cargo. In December 2024, the company reported a remarkable 69.21% year-on-year increase, handling 174,609 units.
This growth reflects rising demand in Indonesia’s mass transportation sector, as well as the government’s initiatives to support mining downstreaming, including the import of fossil fuel-based trucks and environmentally friendly electric vehicles (EVs).
Despite a 14.7% decline in domestic car sales in 2024, as reported by GAIKINDO, IPCC continued to perform well. The company handled 856,870 units of Completely Built Up (CBU) vehicles, marking a 7.49% year-on-year increase. Notably, the electric vehicle sector experienced rapid growth, with IPCC handling approximately 22,000 CBU EV units from leading global brands such as BYD, VINFAST, and AION.
The heavy equipment cargo sector also saw robust growth, with a 38.71% year-on-year increase, reaching 26,352 units by December 2024. This growth was particularly significant at satellite terminals in Balikpapan, Belawan, and Makassar, highlighting IPCC’s pivotal role in supporting major regional projects.
MOMENTUM FOR 2025
IPCC has outlined several strategic initiatives to maintain its growth momentum. For organic growth, the company plans to upgrade its terminal to a dedicated car terminal while continuing to enhance service levels. In terms of inorganic growth, IPCC intends to expand its reach beyond its core business, form new collaborations with industry players, and broaden its service area within the vehicle terminal ecosystem.
Endah Dwi, Senior Manager of IPCC’s Corporate Secretary, noted that the company remains committed to expanding its services and capacity to meet evolving market demands.
“We are planning to relocate domestic terminals, acquire additional land to increase stacking capacity, and optimize existing stacking yards for PDC/VPC/Port Stock,” she explained.