TPT South Africa partners with TCS for pioneering logistics supply chain transformation

Tata Consultancy Services, a leading global IT services, consulting & business solutions organisation announced on Monday via a press filing that it has entered into a partnership agreement with Transnet Port Terminals (TPT), part of Transnet SOC Ltd, freight transport and handling company in South Africa.

The agreement is to develop an integrated online marketplace platform by connecting cargo owners, shipping lines, clearing to forwarding agents, and road/rail haulers. This platform would assist TPT by providing comprehensive logistics information to cargo owners and logistics players.

Cargo Connect, a new platform created by TCS will function as an online logistics marketplace, where clients can submit logistics-related requests and allow service providers to bid online. The new platform is expected to be completed within 12 months, which will enhance the industry and increase TPT’s growth.

Cargo Connect is expected to bring all logistics players under one platform along with creating transparency in the industry, which will power the company’s future growth.

The company has been partnering with progressive organisations across the globe to develop new technology-enabled business models that power its growth. At around 2.53 pm, the share gained 1.39 per cent and was trading at Rs 2,321 on BSE.