Termination of P3 Alliance Increases Need for Ocean Freight Contract Management
Huntington Beach, California (PRWEB) June 27, 2014 -- Freightgate, a global provider of Logistics Cloud Solutions, is offering free demonstration of its award winning best-in-class Rate and Tender Management Tariff-Trek! Solution to help shippers and logistics providers streamline the complexity and constant gyration of ocean carrier pricing, surcharges, handling fees, cargo insurance premiums, and local cartage rates which create havoc in a company’s supply chain equilibrium and product pricing. Freightgate provides rate management and freight bid processes to many large and mid-size shippers and logistics providers in the global supply chain and freight forwarding industry.
The recent decision by Chinese antitrust authorities to blocked approval of the P3 Ocean Carrier Alliance has increased the demand for Ocean Contract Management. The proposed mega-alliance by the world’s three biggest shipping - Maersk, Mediterranean Shipping Co and CMA CGM would have created common tariff pricing to most of the world’s ocean ports. It was estimated the P3 alliance would have controlled 42 percent on the Asia-to-Europe route, 24 percent in the trans-Pacific trade, and up to 42 percent in the trans-Atlantic. Now, shippers are in a better negotiation position to control their ocean freight costs. With more freedom to negotiate favorable ocean freight contracts, it creates the added burden of managing ocean tariffs from multiple carriers. Keeping track of the increases and decreases of rates and surcharges is a time consuming process that can be easily automated into a cost savings benefits with better efficiency. “With Logistics being the backbone of today’s commerce; distributing timely and accurate rating information to all stakeholders is absolutely vital. Doing so in a federated, yet global infrastructure that evaluated routing choices dynamically gives our customers considerable advantage,” states Martin Hubert, CEO & President Freightgate, Inc.
For more information on Freightgate Rate Management schedule a no-obligation at http://www.freightgate.com/demo or call Freightgate Sales at (714) 799-2833.
Freightgate Rate Management is the answer to the long-standing problem of carrier service contract management, distribution, and organization. By replacing countless emails and rate sheets of inconsistent and difficult to understand rates with an interactive, searchable, and user-friendly web-enabled solution, our staff gains a whole new level of productivity. Aside from the ability to run instant rate queries by virtually limitless combinations, Freightgate Rate Management offers convenient data uploading, quotation generation and distribution, surcharge application, mode comparison, and unique FAK/Cargo NOS commodity exception handling.
About Freightgate
Based in Huntington Beach, California, the Freightgate team has been developing Internet solutions for the freight and logistics since 1994, such as its industry-leading Logistics Cloud Platform, offering Supply Chain Collaboration & Visibility; TMS, Global Tender Bid Management; Least Cost Routing, Service Contract and Quote Management; Regulatory Compliance CBP and FMC; Automated eInvoice Audit and Payment; innovative What-If-Scenario Analysis tool; interactive online Sailing Schedule; BFN (Built for NetSuite) approved SuiteApps. Freightgate is ISO 9001:2008 certified. Visit Freightgate at http://www.freightgate.com.
Freightgate's Logistics Cloud Platform, known as the Freightgate Universe, enables solutions empowering professionals on all levels to collaborate with global vendors and logistics providers seamlessly on a single common transportation sourcing platform for informed decision-making across the entire network. It encompasses ISO9001:2008-certified end-to-end transportation management processes from procurement, rate management, optimization, execution and visibility, carbon footprint, through invoice audit & pay. The Freightgate Universe is comprised of adaptive easy-to-deploy modules to help companies leapfrog into the 21st century with minimal start-up cost. Freightgate is the only commercial EFM compliant platform enabling standardized web-services as promoted by the US-DOT and Transport-Canada.
Martin Hubert, Freightgate Inc., http://www.freightgate.com, 714-799-2833, [email protected]
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