Mitsubishi Selects GT Nexus for Global Logistics Platform

Major Japanese trading company to use GT Nexus technology products for global transportation planning and execution.

ALAMEDA, CA, USA and Tokyo, Japan -- April 8, 2002 -- GT Nexus, a leading provider of e-logistics solutions, announced today a contract with Mitsubishi for a private logistics network that will deploy the GT Nexus Planning and GT Nexus Execution application suites.
The GT Nexus-powered private network will serve as the primary platform enabling collaboration and integration of logistics operations across Mitsubishis business units, partners and service providers. The private network will enable Mitsubishi to:

·   Standardize the procurement, contracting and optimization of their global ocean freight.
·   Standardize their global ocean shipment execution processes that include scheduling, booking, documentation management and shipment tracking.
·   Connect their partners and service providers into a common, yet secure network, creating a single data repository from which it can more effectively monitor, measure and manage global supply chain performance.
·   Improve data quality for Mitsubishis internal management systems through integration and synchronization with shipment information hosted in the GT Nexus-managed private logistics network.

Mitsubishi International Corp. (MIC), and MC Trans International Inc. (McTI) will be the first Mitsubishi companies to come onto the network as part of a phased implementation schedule. MIC and McTI are multi-million dollar companies engaged in international trade of commodities, consumer and industrial products, and global logistics management services, respectively.

We chose GT Nexus because their solution uniquely combined transportation planning with shipment execution and supply chain visibility. It complements our goals for business process improvement," said Koji Tamura, General Manager for McTI. This supports our e-commerce capabilities and potentially provides the foundation for our core horizontal platform for logistics management in all the vertical industries where Mitsubishi is a player."

This is a milestone contract for GT Nexus," said John C. Urban, President. It marks an integrated deployment of our Planning and Execution applications. Mitsubishi will be able to leverage upstream planning activities to drive more efficient processing of downstream shipment execution.

As an example, Mitsubishi will be able to click a single button in the Planning application, and create a booking instantly in the Execution application directly with their chosen carrier. Details from their carrier service contract, stored online in the private network, will automatically populate the booking, without re-keying information. The carrier, in turn, will be able to send back an electronic booking confirmation and prepare documents online. This demonstrates the power of our platform to automate and streamline complex logistics processes."

Urban added that within its private network, Mitsubishi also will be able to analyze actual event data about the execution of shipments and carrier performance, and compare that against established planning assumptions and service commitments. This will enable true measurement of performance against plan" in the supply chain -- a holy grail" for the logistics industry that has been extremely difficult to achieve until now.

Terms of the contract were not disclosed. Work to deploy and implement the private network has begun.

About Mitsubishi International Corp. -- Mitsubishi International Corporation (MIC) leverages its industry expertise, market knowledge and global network to create value and develop new, sustainable businesses for companies at all stages of development. Through international trade and complex project management and strategic finance and investment, MIC expands international business opportunities in six key industries: Chemical, Energy, Information Systems & Services, Living Essentials, Machinery and Metals. With offices in a dozen major American cities, MIC is the principal US subsidiary of Japanese trading company Mitsubishi Corporation." Additional information on MIC is available at www.micusa.com .

About MC Trans International Inc.-- MC Trans International Inc.(McTI), formerly a part of the Logistics Division of Mitsubishi Corporation of Japan, is an international logistics service provider. Their long experience in Mitsubishi Corporation as cargo owner enables McTI to think and see things from the viewpoint of cargo owners, whose requirements vary from time to time, from one industry to another. McTI commits itself to reflect their knowledge and experience on every stage of our services, such as the selection of transportation modes and routes, etc. to create the best-fit Logistics" for every customer. McTI is also entitled to utilize the management resources and world wide network of Mitsubishi Corporation as logistics bases and information sources for updating its services. McTI, having both faces of a trading firm and a logistics service provider, handles a broad variety of products from fresh food to industrial parts and plant materials. Additional information on McTI is available at www.mcti.co.jp .

ABOUT GT NEXUS -- GT Nexus is a leading provider of global e-logistics solutions that deliver unprecedented control and visibility to the complex processes of international transportation. GT Nexus enables customers to achieve breakthrough performance across a network of connected supply chain partners, including importers, exporters, freight forwarders, carriers and other participants. The companys three product lines -- GT Nexus Orders, GT Nexus Planning and GT Nexus Execution -- uniquely enable supply chain execution for customers by tying together complex processes and information across global partners. These include purchase order visibility, exception management and analytics, transportation planning, optimization, execution and shipment visibility. GT Nexus also drives the worlds largest ocean transportation partnership with over 40 percent of worldwide containerized shipping capacity. Partner members include APL, CP Ships, Crowley Liner Services, CSAV, Hanjin, Hyundai, K " Line, MOL, NYK Line, Senator Lines, Wan Hai, Yang Ming and the Zim Israel Navigation Company. For more about GT Nexus, visit us at www.gtnexus.com.