TRCX
Industry:
Transportation
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DESCRIPTION

Tracx Logis is a Singapore-based cross-border logistics company. The company operates through two main segments: Enterprise Logistics and e-Commerce Logistics. The Enterprise Logistics segment, managed through its KCI subsidiary, provides international freight forwarding and supply chain management to large manufacturers such as Samsung and LG. This business handles air and sea freight, customs clearance, and documentation. The e-Commerce Logistics segment provides end-to-end parcel delivery for merchants on Asian digital platforms like eBay Japan and Lazada. This service covers the entire logistics chain, including first-mile pickup, warehousing, cross-border transport, and last-mile delivery. Tracx Logis uses an asset-light business model, contracting with third-party air carriers, sea liners, and delivery partners instead of owning a fleet. The company's core value proposition is its proprietary technology platforms, TLPS and Smart Cargo, which automate logistics and integrate with e-commerce platform APIs. Revenue is generated from service fees priced per parcel for e-commerce or by weight and volume for enterprise shipments. Tracx Logis sells its services by securing status as an approved provider on major e-commerce platforms and using a direct sales team for enterprise accounts. The company seeks to lower unit costs by scaling shipment volumes across its automated partner network.

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