Friday, October 26, 2018

INTTRA Acquisition has Ramifications for Ocean Container Carriers, Shippers and Logistics

Global Supply Chain Network Expands with New IT Deal
Shipping News Feature
WORLDWIDE – E2open, a provider of cloud-based, on-demand software for supply chains, has announced its acquisition of INTTRA, the ocean shipping network, software and information provider. The combination of INTTRA's ocean carrier and shipper network with E2open's business network will aim to create a unified global logistics and supply chain network. E2open and INTTRA will join efforts to strengthen the connections and streamline the information flow between manufacturers, suppliers, shipping service providers, ocean carriers and all the participants in global trade.

E2open hopes that its acquisition of INTTRA will extend its current logistics capabilities, consisting of transportation management, logistics visibility, and transportation forecasting, and a network of more than 3,500 large carriers across more than 40 countries to book, tender, track, and invoice shipments. E2open, together with INTTRA and Avantida, will look to offer integrations with logistics service providers, from third-party, fourth-party, freight forwarders and NVOCCs, and carriers servicing all modes of transportation. The combination brings together advanced planning, visibility, collaboration, and execution for an extensive network of regional and global logistics providers.

Founded in 2001 by ocean carriers, INTTRA has created a large neutral multi-carrier network across 177 countries with more than 35,000 active shippers, 60 carriers and 150 integrations with transportation management and port system software partners. In March 2017, INTTRA acquired Avantida to extend ocean movements into land-based activities and address container reuse and repositioning for ocean carriers, transport companies, terminals, depots, and others. According to INTTRA, one out of every four ocean containers shipped globally is booked through its platform, and the platform has access to carriers covering nine out of ten containers globally. John Fay, Chief Executive Officer of INTTRA, said:

“E2open and INTTRA have a similar consortium heritage and culture, both were born to solve similar problems for their respective ecosystems, to improve efficiencies, overcome data exchange constraints, and reduce the friction associated with doing business. In joining forces with E2open, a company that shares our values and understands the benefits of global business networks, we envision a single platform with accelerated innovation to connect, streamline, and operate all aspects of global manufacturing, logistics, and distribution, resulting in immediate benefits for all stakeholders.”

E2open is a cloud-based provider of networked supply chain solutions, featuring a complete portfolio of applications that looks to enable supply chains to better plan, collaborate, and execute end-to-end operations. More than 70,000 partner companies and 200,000 users, have implemented the E2open network into their supply chains. Michael Farlekas, Chief Executive Officer of E2open observed:

“The combination provides value to all stakeholders, manufacturers, logistics service providers, freight forwarders and ocean carriers. We aim to bridge the gap between manufacturing and logistics with execution capabilities on a unified platform with real-time end-to-end visibility.

“Shippers will be able to better leverage ocean shipping efficiency, ocean carriers will be able to improve customer experience, and freight-forwarders will be more effective in multi-modal and integrated logistics operations to help grow their respective businesses. We will continue to strive to deliver on our vision of a networked platform on which our customers can operate their end-to-end operations in real-time.”

The transaction is expected to close by the end of 2018 after receipt of regulatory approval.

Photo: INTTRA processes over 850,000 containers every week.