Mahindra Logistics acquires stake in ShipX

Mahindra Logistics has announced the acquisition of a strategic stake in Transtech Logistics, also known as ShipX. ShipX is a SAAS (Software as a Service) based Transport Management Solution (TMS) platform that serves the supply chain automation needs for 3PLs, shippers and transporters. Pirojshaw Sarkari, CEO, Mahindra Logistics, said, “Logistics in future will be more technology driven; both in terms of our own operations, as well as interfaces with our customers and business partners. With our asset light business model, we are already like a ‘platform’. The strengthening of our relationship with Shipx opens up a new opportunity to take this to the next level.”