T map Mobility Partners with Lotte Global Logistics for "Logistics Innovation"

Start of Middle Mile Platform Integration
Development of Tmap Order Reception and Delivery Model

T map Mobility announced on the 17th that it has signed a Memorandum of Understanding (MOU) for logistics business cooperation with Lotte Global Logistics. The photo shows Yang Seong-woo, CBO of T map Mobility, and Ahn Dae-jun, Head of the Parcel Business Division at Lotte Global Logistics, posing for a commemorative photo after signing the MOU at the T map Mobility headquarters in Myeong-dong, Seoul. Photo by T map Mobility

[Asia Economy Reporter Cha Min-young] T map Mobility and Lotte Global Logistics will collaborate on new businesses starting with the linkage of middle-mile platforms.

T map Mobility announced on the 17th that it signed a "Memorandum of Understanding (MOU) for logistics business cooperation" with Lotte Global Logistics.

Lotte Global Logistics is a comprehensive logistics company with over 30 years of experience, providing domestic and international logistics services such as parcel delivery, SCM (3PL services), land transportation, port operations, maritime transportation, and air transportation, as well as inter-logistics linkage services.

The two companies will cooperate in the middle-mile transportation sector. They plan to introduce a middle-mile dispatch service within the year using technologies such as "dynamic pricing," which can set prices in real time according to supply and demand, and artificial intelligence (AI).

In the last-mile sector, they will utilize the T map platform for order reception and delivery model development. They will also develop new services using data from both companies.

Yang Sung-woo, CBO of T map Mobility, said, "This MOU is significant as it represents cooperation between a comprehensive logistics company with long-standing logistics experience and abundant infrastructure and a platform company with diverse data and advanced algorithms. We hope that this collaboration will accelerate innovation in the logistics market."