Instagram Outage Disrupts Thousands of U.S. Users 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Palantir Stock Jumps After Strong Q4 Earnings Beat and Upbeat 2026 Revenue Forecast 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz 
Elon Musk’s SpaceX Acquires xAI in Historic Deal Uniting Space and Artificial Intelligence 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Sam Altman Reaffirms OpenAI’s Long-Term Commitment to NVIDIA Amid Chip Report 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
LG Uplus Corp. is entering the freight logistics arena with a new platform service. It is positioning itself as a contender against telecom rivals SK Telecom and KT in South Korea's logistics sector.
LG Uplus hopes to get its cut from the $27 billion middle-mile delivery market in South Korea via a truck brokerage platform. Moreover, introducing its logistics platform aims to transform the logistics sector in its home country.
LG Uplus' New Growth Engine
The nation's No. 3 mobile service provider will roll out a platform service that it believes will change the domestic logistics business. LG Uplus is also seeing this new portfolio addition as one of its new growth engines. The company has been searching for a new business to drive profits as the telecom market is already heavily saturated.
The Korea Economic Daily reported that the logistics platform is designed for truck delivery brokerages. The main target is the middle-mile logistics that mainly transport and deliver products from a distribution hub to fulfillment warehouses or facilities of retailers. Once delivered, the logistics have entered the last-mile delivery stage, where the goods are sold to the consumers.
The Freight It-Go Platform Service
The new logistics platform service that will digitalize a delivery truck dispatch system was named "Freight it-go." It is set to be unveiled later this month, with no exact date mentioned yet.
With LG Uplus' new service, the company will link up for-hire carriers and freight brokers within the hub-to-hub delivery circle. As per Korea Joongang Daily, once a broker registers a shipment order on the Freight it-go website, carrier companies can check and pick an order they want through an app. They may choose an order according to the location and size of cargo that they can accommodate.
The service is said to be a first in the logistics industry's navigation system for delivery trucks. It will also offer real-time transport control and a performance and payments system to make all the transactions fast and simple.
"Before, freight brokers and carriers would have to communicate every order via a phone call, and organize every one of them through an excel file," LG Uplus' vice president of smart mobility business, Kang Jong Oh, said during a press event for the launch announcement. "Utilizing the platform will drastically shorten that process."
Photo by: LG UPlus Website
