Multinational Logistics Partnership (MLP), a major operator in the Russian warehouse real estate industry, intends to launch an interactive transportation management system for cargo transportation in Russia. The project is expected to start operations in the course of this year.
Dubbed ‘TransCord,’ the system will track information about registered carriers and cargoes. An advanced selection algorithm automatically will identify the best vehicle to perform transportation based on cargo and vehicle characteristics.
Shippers and carriers will be able to track cargo location and check status via a mobile application.
Under plans, up to ten thousand vehicles may be involved by the end of 2017. Thus, the system will be able to fulfill up to three thousand orders per day.
Under plans, some $10 million in total will be invested in the project. According to TransCord’s general director Sergey Vereshchagin, the company is using its own platform and funds to jumpstart the project.
“We are planning to have a return on investment within three years,” said MLP’s general director Eriskhan Kurazov in a corporate statement.
According to TransCord, the commercial road freight transportation market amounts to one trillion rubles (almost $18 billion at the current exchange rate) per year. TransCord aims to get a 15-20% market share within a few years, generating some 150-200 billion rubles (roughly $268-357 million) per year..
