Established in 1999, CargoSphere powers the industry’s first cloud-based, confidential global rate solution and Rate Mesh Network. CargoSphere is enabling a paradigm shift from outsourced contract management to self-management through innovative technology like SUDS. SUDS intelligently reads static carrier-rate files directly into the CargoSphere cloud database. With over a dozen years of continuous development, over a million lines of code, and over 100 million rate connections among worldwide shipping partners, CargoSphere is transforming rate management for good.
CargoSphere’s world-class contract and rate management functionality enables rate quoting, rate distribution and agent rate collaboration through the CargoSphere Rate Mesh. The Rate Mesh seamlessly and confidentially connects trading partners allowing them to integrate and simplify rate communication.
CargoSphere was founded in 1999 and focused primarily on transportation intermediaries (NVOs and freight forwarders). In the years since its founding, CargoSphere has used input from thousands of users at hundreds of companies to develop world-class contract management and rate management functionality with an emphasis on elegant architecture and user friendliness.
In the early 2000’s, CargoSphere launched the CargoSphere Rate Network & now called the Rate Mesh & to support large-scale rate aggregation and rate connections among its clients. The Rate Mesh rapidly became a vehicle for NVOs, forwarders, and associations to share rates using their CargoSphere Systems.
Over time, CargoSphere broadened its solution to serve the needs of BCOs and carriers. BCOs use the platform to manage their confidential contracts and to efficiently coordinate carrier selection and booking with their freight-forwarder partners. Carriers use CargoSphere to efficiently and confidentially distribute rates with selected customers.
In 2017, CargoSphere became a part of the WiseTech Global group. WiseTech Global is a leading developer and provider of software solutions to the logistics industry globally. Its customers include more than 12,000 of the world’s logistics companies across more than 130 countries. Its flagship product, CargoWise One, forms an integral link in the global supply chain and executes more than 54 billion data transactions annually. View our press release here for additional details about our relationship with WiseTech Global.
The latest innovation from CargoSphere is SUDS — Smart Upload and Diagnostics Solution. This tool allows an NVO, BCO, or carrier to convert an xls, doc or pdf static file containing contract and rate information directly into query-able information with close-to-automatic processing. SUDS permits any company to self-manage their ocean, air, and land transport contracts in a cost-effective way. The company offers premium rate management services to companies who lack adequate resources to manage their own contracts and rates.
CargoSphere has protected its technology with U.S. Patents # 6,064,981 and # 6,920,429 and offers innovative functionality for single or multi-lane transportation rate negotiations.