Chapel Hill, North Carolina, June 21, 2016 - CargoSphere, the leading provider of frictionless rate distribution and cloud-based global freight rate management, today announces that UASC, a leading global ocean carrier, has quickly implemented its second CargoSphere Rate-Mesh connection with Dachser Logistics, a global third party logistics service provider (LSP). CargoSphere's collaborative rate technology enables UASC to electronically distribute confidential rates in real-time, directly into Dachser's rate database, so rates are ready to use immediately following their release by UASC. Initially, Dachser is receiving Asia-Europe freight rates and Asia-Mediterranean rates are coming soon.
Carrier rate volatility has accelerated, putting pressure on carriers and ocean transportation buyers to manage continuous rate updates efficiently and in a timely manner. Effective rate management is important for both ocean transportation buyers and sellers. Carriers need to get competitive rate updates into buyers' hands quickly to stimulate business, and LSP buyers need timely access to accurate bottom-line costs for quoting to customers. Relentless rate adjustments are costly for all global shipping industry participants. The established process is a big hurdle to winning business and commercial success.
Eric B. Williams, Vice President, Global Head of Sales & Marketing at UASC, said "Implementation of CargoSphere's contract and rate management and networking technology is happening faster than I ever could have imagined. In no time, we're up and running, distributing rates to Dachser, system to system in real-time. I only see positive commercial results coming from CargoSphere's frictionless rate technology."
Guenther Laumann, Head of Global Ocean Freight at Dachser, said "We've been looking for ways to work with ocean carriers to address the burden of ocean rate complexity and time-consuming updates. In 2014, we implemented CargoSphere's contract and rate management technology to systematize rate management. It is rewarding to connect our CargoSphere rate technology platform with UASC's private, neutral CargoSphere application to receive rates in real-time directly into our system. We're saving processing time and cutting out many steps. If all our carriers were doing this we'd achieve meaningful time and cost savings. The industry is finally reaching a new level of simplified rate distribution that has been a long time coming."
"We see nothing but huge benefits to the industry from direct rate connections initiating between ocean carriers and their NVO and forwarder customers. UASC's Eric Williams has a forward-thinking view of technology and the benefits it delivers. We're pleased to have this strong partnership which is leading the industry to technology that greatly boosts productivity and the opportunity for improved bottom-line results. Changing the status quo is not easy, but in this case, we are achieving extremely positive disruption with more to come," said Neil Barni, President of CargoSphere.
The CargoSphere rate technology platform delivers frictionless rate distribution and networking.
Cloud-based, systematized contract and rate management provides the CargoSphere user community with accurate and collaborative rate distribution, sharing, comparison and quoting, as well as the ability to self-publish FMC tariffs. The CargoSphere Rate Mesh connects shipping partners for seamless, confidential rate collaboration in real-time to simplify rate communication and provide a faster, more effective way to receive and distribute freight rates.
During these competitive times, CargoSphere offers users significant productivity improvements from CargoSphere's Cloud technology due to increased data accuracy and the ease associated with a systematized database with a single source of truth.
For more information, visit: www.cargosphere.com
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