Wednesday, January 20, 2010

Trade And Logistics Portal Logs $10 Billion Spending on Freight Shipping

GT Nexus Reports Increasing Use of Their Web Network
Shipping News Feature

USA – Californian-based GT Nexus reports that customers using their web-based logistics management portal recorded expenditure over $10 billion for their air-and-sea freight requirements throughout 2009.

GT Nexus state that they believe that the increase in their business, despite the worldwide recession that has badly affected the vast majority of the global freight industry, is due to the cost savings that utilising their system offers.

“Despite the global economic crisis, we experienced a major increase in new business for our transportation management services,” said John Urban, President of GT Nexus.

“Companies need to reduce costs, and our solutions give proven return on investment. Even better, we deliver our services on-demand, which is a low-risk, low-cost alternative to traditional software. Taken altogether, you could call it a proposition that’s too good to turn down.”

The GT Nexus Logstics Portal is web-based platform that allows contact with a global network of connected partners who can then use the systems universal applications to assist in their mutual tradings. The portal assists in clearing the complexities that the modern global supply-chain system, with its diverse sets of standards, softwares and protocols, is increasingly experiencing.

The system is also designed to assist in the bidding process between shipping agents and their customers, allowing the customer to see proposals and rates from all carrier partners whilst shipping agents can see get the corresponding view, showing available contracts across their customer base.

Users of the GT Nexus system include such companies as DHL, Mitsui O.S.K. Lines (MOL) and Nestle, with users finding the portal an invaluable tool.

“GT Nexus has served as our central ocean procurement and contract management system for many years,” says Neal Donaghy, Manger of Global Liner Operations at The Home Depot.

“Our carrier partners are very familiar with the system because they work with many other customers on the Portal. We move hundreds of thousands of TEUs each year, and this technology is a key tool for us.”