T map Mobility Enters Middle Mile Competition, Unveils 'T map Cargo'

Data-Driven Freight Transportation Brokerage Solution
Pilot Test... Official Launch in Q1 Next Year

[Asia Economy Reporter Minyoung Cha] T map Mobility has launched a data-driven freight transportation brokerage solution, ‘T map Cargo,’ targeting the domestic logistics market.

On the 15th, T map Mobility announced that it has conducted a closed beta test (CBT) for the launch of the ‘T map Cargo’ service and opened a dedicated website. The service is scheduled to be officially launched within the first quarter of next year.

Since its spin-off in December 2020, T map Mobility has focused on the ‘middle mile,’ where digitalization has lagged compared to the first mile and last mile in the movement of goods. The middle mile refers to the transportation stage of delivering raw materials to company factories or sending manufactured products to logistics centers and dealerships.

In June last year, the company laid the foundation for entering the freight platform market by acquiring the logistics startup YLP as a subsidiary. Established in 2016, YLP recorded sales of 47.6 billion KRW last year and is expected to surpass 100 billion KRW this year.

T map Cargo is a solution that provides a one-stop service for quotation, reception, dispatch, and settlement online. By integrating all processes necessary for freight transportation into a single platform, it is expected to contribute to improving the efficiency of companies’ logistics operations.

The dispatch success rate of T map Cargo is reportedly high at 90.4%. This achievement combines over 1.1 million transportation data accumulated by YLP over the past six years with T map Mobility’s platform expertise. Based on freight big data, it analyzes customer requests and the real-time nationwide supply and demand ratio of freight vehicles to offer optimal freight rates that ensure successful dispatch. Long-term contract customers receive discounts based on transportation routes and frequency.

Additionally, T map Cargo supports transportation services nationwide for all tonnage sizes from small to large through external supply chain integration. It has also established a stable offline vehicle network through eight branches nationwide, including Incheon and Busan, and over 30 partner carriers such as Lotte Global Logistics. Before the official launch, a ‘pre-reservation event’ offering coffee coupons to shippers is being held from the 22nd of this month until January 5th of next year.

Song Ji-won, head of the DFM business at T map Mobility, said, "T map Cargo will start as a service for shippers and evolve into a digital solution that all players in the freight industry can use. We will advance the digital logistics ecosystem with innovative technology while promoting shipper benefits and continuously strengthening coexistence with the freight industry."

This content was produced with the assistance of AI translation services.