SOURCE: GT Nexus, Inc.

July 13, 2005 08:45 ET

GTN Portal Responds to Growth and Customer Demand, Launches New Features and Services

GT Nexus Continues to Invest in Industry-Backed Ocean Shipping Platform, Adds New Capabilities for Business Analytics, Document Management, Visibility and Compliance

ALAMEDA, CA -- (MARKET WIRE) -- July 13, 2005 -- GT Nexus announced today the successful deployment of several major upgrades to the GTN Portal, the industry-backed ocean shipping platform, providing new shipment analytics and performance reporting tools, expanded shipment tracking and enhanced documentation and regulatory filing features.

The upgrades, which respond to customer feedback and usage trends, include new capabilities and services as well as improvements to existing functionality. Among the new features introduced with this release cycle were:

1)  Advanced Shipment Analytics. Users can create a series of reports for
    their ocean cargoes that track key performance indicators, providing
    business intelligence to drive improvements in global freight
    operations. Typical usage: measuring factors such as dwell time at
    ports, container utilization, cargo volumes by carrier and geography,
    and performance by carriers against on-time commitments.

2)  Document Management Tools. Users can upload and attach any electronic
    document, such as a certificate of origin, packing list or invoice,
    to a shipment record. Any party who has visibility to the shipment
    can view/print the attachment. Typical usage: customs broker or 3PL
    can directly access related shipping documents electronically (instead
    of waiting for faxed or couriered hard copies) to help speed the
    processing and clearance of the customer's cargo for delivery and
    freight payment.

3)  Dynamic Shipment Advice. Users can create dynamic shipment advice
    messages to be automatically e-mailed to customers, trade partners
    or other interested parties. With this feature, the system generates
    an e-mail embedded with a live "link" that launches a web page,
    presenting the latest shipment update report. The link remains live
    and provides one-click access to the tracking report that continuously
    updates as events are recorded, throughout the shipment lifecycle.
    The recipient does not have to log on to GTN to view the report.
    Typical usage: shippers can send a "live-link" email to their
    customers who can then dynamically track the shipment's progress
    to destination.

4)  Regulatory Filing Automation. For US Exporters, documentation and
    workflow have been enhanced to support more efficient filing of
    Shipper's Export Declarations (SED) with US Customs via GTN. SED
    information can now be entered more conveniently when creating a Bill
    of Lading for a shipment originating in the US. GTN is linked to
    Custom's Automated Export System such that the SED can be sent
    electronically with no additional re-keying or manual processing.
"These upgrades further improve the value and utility of the industry portal for our customers," noted John Gurrad, vice president, business planning and e-commerce for MOL America, one of GTN's sponsoring ocean lines. "The shipping community is the driver of this and the best source of feedback. We're pleased to see the portal continue to listen to and address their requirements, improve the customer experience, and accelerate adoption."

GT Nexus also implemented enhancements to its integration architecture to further strengthen the platform's role as a global logistics information hub. With some 70 global 3PLs and freight forwarders integrated and transacting today, the platform is being used more and more as a unified data server that centralizes, aggregates and validates hard-to-get global transportation and logistics data.

"This storehouse of consolidated, accurate shipment transaction data is the foundation that can power operational and strategic management systems across a whole host of participants in a global supply chain," said John Urban, GT Nexus president.

GTN is a Web portal used by the global trade community as an e-commerce center for ocean shipping. With some 8,000 registered organizations across 67 countries, GTN helps shippers, freight forwarders and logistics providers automate their transactions with ocean lines. It provides a single platform for business activities such as scheduling and booking ocean cargo, electronically submitting and managing shipment documents, tracking cargoes and measuring performance -- at one web site across many ship lines.

Sponsored by a consortium of leading ocean carriers, GTN's industry-standard software and services are free to global trade participants such as shippers, consolidators, freight forwarders and third party logistics providers. The platform is fully hosted by GT Nexus for the global trade community, provisioned as an "on-demand" service over the Web.

ABOUT GT NEXUS -- GT Nexus is the leading provider of hosted, on-demand software and services for global transportation, logistics and supply chain management. Founded in 1998, the company provides integrated software products and IT services, provisioned through a single Web platform, used by enterprises and their partners to control, optimize and manage the flow of goods and information from order to delivery, worldwide. The GT Nexus platform is backed by an industry consortium of leading ocean carriers who transact over the system with some 70 3PLs, hundreds of freight forwarders and over 6,000 importers and exporters to manage and execute international shipping. For more about GT Nexus, visit www.gtnexus.com

Contact Information

  • Media Contact:
    Gary Frantz
    GT Nexus, Inc.
    510.747.3214
    Email Contact