Containerisation International Better Way to Do Business October 2012
quoteleft Moving from a manual, paper-intensive system of record-keeping to the automated CargoSphere system has saved our company thousands of dollars a year, right from the start. quoteright Pat Fosberry, John S. James Co.
Victor Chau Assistant General Manager, Ocean Unique Logistics Group
quoteleft CargoSphere is a user-friendly contract management solution that enables us to quickly and easily manage and distribute rate updates online in real-time to our offices and agents. quoteright July 2016
Eric B. Williams VP, Global Head of Marketing & Sales UASC
quoteleft 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. quoteright June 2016
Gary Pope VP, Ocean Freight Procurement Asia M+R Speedag
quoteleft The CargoSphere Rate Mesh reduces the hassle of making our own spreadsheets and emailing them to our partners. quoteright June 2016
Jose Quesada VP, Ocean Services Seko Logistics
quoteleft Receiving accurate, current ocean rates in our database allows us to act on them faster and with more confidence. quoteright April 2016
Carol O'Connor Senior Manager of Global Procurement MIQ
quoteleft We are now quoting faster with greater accuracy. My old process of flipping through contracts individually would have taken me a few hours, but because of CargoSphere, I was able to get the quote done in 15 minutes. quoteright February 2016
Sarah Azar Project Manager, Certified Customs Specialist M.E. Dey & Co., Inc
quoteleft The CargoSphere Rate Mesh allows us to access up-to-date rates online, which is fast and timely. It’s great that our quote turn-time is now timelier for customers. quoteright February 2016
Andreas Ritchie Director of Procurement V. Alexander & Co., Inc.
quoteleft The Rate Mesh enables us to quickly and easily include contract rates from established agent partners in our comparisons. Our hope is that eventually carriers will offer the option to upload contract amendments directly into CargoSphere. quoteright October 2015
Sho Kondo Manager, Atlanta Branch Sumitomo Warehouse
quoteleft Adoption of rate management and networking technology is an advancement that serves as a competitive differentiation for us and allows us to better serve our customers’ needs. quoteright September 2015
Matt Parrott Director of Transportation Deringer
quoteleft We really appreciate the accuracy and timeliness of the CargoSphere Rate Mesh for ocean and air rates. It’s a tool that offers competitive differentiation for our business. quoteright July 2015
Marcela Garbers Operations Supervisor Freight Logistics
quoteleft With CargoSphere we’re able to quickly and affordably compare all rate sources in one search engine and quote faster to enhance customer satisfaction. quoteright May 2015

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Survey Shows Universal Interest in Direct Ocean Carrier Feed of Confidential Rates

— 92% of the respondents said a direct ocean carrier data feed would be a competitive service advantage —

Chapel Hill, North Carolina, July 31, 2017 – CargoSphere, the leading provider of frictionless rate distribution and cloud-based global freight rate management, today publishes the results of its original research that was developed to determine what value the global NVO and forwarding (FF) community puts on receiving a direct, Web-based feed of their negotiated rates from their ocean carriers.

In 2016, CargoSphere commissioned Drewry to define the cost burden to the global freight forwarding community to find or receive and process/analyze ocean freight buy rates. It was determined the annual labor cost is a whopping $500 million.  This acknowledgement of the financial strain of processing frequently changing ocean carrier rates highlights the need for a more efficient digital framework for container shipping rate management and distribution.

This survey investigates the various reasons and benefits for automating rate management and distribution and streamlining this process with a direct ocean carrier feed.  

Demographics
The survey was sent out in late June 2017 to logistics providers in the ocean-container shipping industry.  Key highlights on the respondents:

  • Came from 13 countries and represented over 6.5 million annual TEU of container volume
  • Worked in businesses that focus on all major shipping areas of the world (Asia – 78%; North America – 75%; Europe – 70%; South America – 48%; Oceania – 34%; Africa – 33%)
  • Were primarily freight forwarders (77%) and/or NVOs (59%)
  • Were of all sizes (Small – 11%; Medium – 48%; Large – 41%)
  • Were from all corporate roles (Executive – 36%; Manager – 47%; Staff – 17%)

Conclusions
The most important conclusion of the survey is that there is near-universal interest from the respondents in the electronic receipt of confidential negotiated ocean carrier rates.  The survey provides great confidence in this conclusion because of user responses to 2 different questions:

  • A response of “Yes” from 92% of the respondents when asked “Would a direct data feed from your carriers with your confidential ocean pricing be a competitive service advantage?”
  • When asked to rank the value to their company of streamlining the ocean pricing process (on a scale of 1 to 10 with “1” being “Little Value”, “5” being “Moderate Value” and “10” being “Invaluable”), 25% of respondents selected ‘10’ (invaluable) and 92% selected ‘5’ (moderate) or higher.

Carriers can be confident that forwarders will be eager recipients of this data when they are able to improve their distribution technologies.

Benefits
The benefits that a majority of the responding forwarders expect from this new technology include:

Efficiency-related:

  • Time savings for sales and operations staff (91% of respondents)
  • Increased data accuracy of buy rates (70% of respondents)
  • Global offices having access to accurate timely rates (67% of respondents)
  • Faster reconciliation of carrier invoices (52% of respondents)

Sales/profitability-related:

  • Faster quoting to customers (89% of respondents)
  • Increase in customer satisfaction (67% of respondents)
  • More frequent selection of optimal booking carrier (66% of respondents)
  • Ability to share rates in real-time with agent partners (66% of respondents)

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About 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
Contact CargoSphere, click here.
CargoSphere explained, Frank the Forwarder Video

Contact:  CKL Communications, Carol Lerner, 973.635.6923, ckl.communications@gmail.com