Chapel Hill: CargoSphere, the cloud-based global rate management solution and rate network for the ocean and air logistics sector, has seen an astonishing 2,000% growth in business in the past two years, according to its president, Neil Barni.
Established in 1999, CargoSphere says it synthesises rate management, rate negotiations – or bidding, and quoting fit into one continuous process.
“This holistic approach enables the shipping industry to become more efficient, responsive and collaborative than ever before,” the company maintains in a mission statement.
It has just launched its fourth version of CargoSphere Rate Network (CRN). The upgrade delivers, what the company claims is a more intuitive, clearly defined and easy-to-use rate networking experience for non-vessel operating common carriers (NVOCCs) and freight forwarders seeking to collaborate with global agent partners.
“CRN,” says Barni, “is a new distribution vehicle for confidential contracts and rates over current, some might say antiquated, methods in which static files are sent to NVOs, freight forwarders and shippers. In most cases these rates are obsolete upon arrival.”
The volatile nature of container shipping in the past few years has played into CargoSphere’s hands as Barni explains. “Most of our clients,” he says, “are asking for help in managing non-stop rate changes and carrier amendments. They clearly understand that technology is the answer to easing the complexity of this process.” [27/03/13]