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All Press Releases for January 17, 2002 Subscribe to this News Feed    
 

freightquote.com's New Services Give Shippers the first Instant One-Stop Shopping Spot with International Capabilities

freightquote.com, the leading provider of online business-to-business freight and logistics services, announced today expanded services to meet the growing needs of shippers who conduct business across borders. These new and unique capabilities simplify international transport and enable shippers to quickly compare carriers and select the level of service they want for destinations to more than 80 countries.

Lenexa, KS -- January 16, 2002 -- freightquote.com, the leading provider of online business-to-business freight and logistics services, announced today expanded services to meet the growing needs of shippers who conduct business across borders. These new and unique capabilities simplify international transport and enable shippers to quickly compare carriers and select the level of service they want for destinations to more than 80 countries. By using this new service, international shippers can take advantage of aggregated freight rates comparable to those reserved for larger exporters. In addition, they can reduce time spent completing customs documents, reviewing regulations, and gathering bids. XPORTA Inc., a provider of global resource management software, supplies the underlying international trade logistics and compliance applications for this new online service.

According to Tim Barton, CEO of freightquote.com, the new offering is the companys latest step to improve the speed, predictability, and cost of logistics for small to mid-sized shippers. freightquote.com provides shippers of any size with complete, accurate cost quotations and trade compliance information in a matter of seconds. I am not aware of any freight forwarder or logistics service provider who offers this comprehensive service in a completely self-sufficient online format."


International shipping is far more complex than domestic shipping. In addition to freight costs, shippers must take into account ever changing duties and tariffs. They must properly complete customs documents and observe the latest federal trade regulations or they risk fines, penalties, and delays. Making comparisons between carriers is slow and complicated by the fact that each carrier uses its own schedule to quote point-to-point costs.

The integration of XPORTAs Web-based software and knowledgebase of global content into freightquote.coms online international service enables freightquote.coms users to determine complete landed cost, identify required documents and the need for an export license, and screen their customers against federal denied party listings.

freightquote.com is now offering its international quotation service for air transport and will expand to ocean container transport in the first quarter, 2002. Several freightquote.com customers are piloting the new service offering. freightquote.com currently provides less-than-truckload, truckload, intermodal and airfreight services in the U.S., Canada and Mexico. There is no fee for using freightquote.coms services.

About freightquote.com
Founded in August of 98, freightquote.com is a leading B2B freight logistics company that is revolutionizing the freight industry with instant, fully automated transactions. The company is a one-stop source for multiple modes of transportation that simplifies, expedites and lowers the cost of freight.

Headquartered in the Kansas City metropolitan area, freightquote.com has relationships with a broad range of national and regional carriers representing 250,000 tractors and trailers serving the United States, Canada and Mexico. freightquote.com is also servicing select destination worldwide via air carriers. The site was named among the "Best of the Web" in Forbes magazine. Investors include Morgan Stanley Dean Witter Private Equity, the private equity business of Morgan Stanley Dean Witter & Co. and Menlo Ventures. For more information, visit www.freightquote.com or call 1-888-595-6298.


About XPORTA
XPORTA provides global businesses with information and applications to effectively manage worldwide resources. Founded in 1999, XPORTA is located in Santa Clara, CA. Additional information about XPORTA can be found at www.xporta.com, or by calling toll free (866) 490-0853

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Carolyn Fisher
freightquote.com
913-642-4700 x216
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