SOURCE: CargoSphere


October 20, 2015 08:22 ET

WorldBridge Logistics Adds CargoSphere Rate Technology Service Capabilities

Cloud-Based, Confidential Rate Mesh Network Enables Faster Access to Real-Time Rate Sharing With Trusted Partners

CHAPEL HILL, NC--(Marketwired - Oct 20, 2015) - CargoSphere, the leading, cloud-based global rate management platform and confidential Rate Mesh, today announces that WorldBridge Logistics, Inc., a global NVOCC based in Nashville, Tennessee and wholly owned subsidiary of V. Alexander & Co., Inc., has enhanced its technology infrastructure with implementation of the CargoSphere system. WorldBridge has added CargoSphere's rate management platform and Rate Mesh network. CargoSphere was selected given that it's easy-to-use, maintain and allows WorldBridge to compare rates and transit times from their own carrier contracts, as well as rates from trusted agent partners, such as the NCBFAA-SA and co-loaders. With this capability, they can now more quickly generate customized customer quotes, measure their quoting success and failure rates, and keep track of open quotes.

"The CargoSphere Cloud-based Rate Mesh enables us to quickly and easily include contract rates from established agent partners in our comparisons," said Andreas Ritchie, Director of Procurement, V. Alexander & Company, Inc. "In the future, our hope is that eventually carriers will offer the option to upload contract amendments directly into CargoSphere. We'd also like to pursue Rate Mesh connections with our primary agents abroad for faster data exchange."

The CargoSphere implementation also includes WorldBridge self-managing ocean carrier contracts and amendments with CargoSphere's SUDS (smart upload and diagnostic solution) solution and self-publishing FMC tariff rates -- all in the CargoSphere system for greater efficiency and processing ease.

Neil Barni, president of CargoSphere, said, "The importance of technology to a logistics service provider's business is critical today. Technology levels the playing field enabling companies such as WorldBridge to deliver more timely, effective and accurate customer interactions and great operational controls to advance their business. We're extremely pleased to be working with WorldBridge Logistics and have them achieving 24/7 collaboration with their agent and neutral NVO partners in the Rate Mesh. This advancement allows them to differentiate the services they deliver."

Frank the Forwarder video explains how CargoSphere's contract and rate management and Rate Mesh solutions work. Learn more here - video.

About V. Alexander & Co., Inc. and WorldBridge Logistics, Inc.

V. Alexander & Co., Inc., based in Nashville, Tennessee was founded in 1946 and has 7 offices in the U.S. and representation in Hong Kong. It offers international and domestic transportation and Customs clearance services to a wide variety of customers in various industry segments. Its wholly-owned NVOCC subsidiary WorldBridge Logistics, Inc. controls an import volume of over 15,000 TEU and an export volume of over 10,000 TEU annually to and from all parts of the world.

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About CargoSphere

Established in 1999, CargoSphere powers the industry's first cloud-based, confidential global rate solution and Rate Mesh Network. CargoSphere is enabling a paradigm shift from outsourced contract management to self-management through innovative technology like SUDS (Smart Upload and Diagnostic Solution). SUDS intelligently reads static carrier-rate files directly into the CargoSphere cloud database. It significantly reduces the complexity and time-consuming task of managing freight rate contracts.

CargoSphere's world-class contract and rate management functionality enables rate quoting, rate distribution and agent rate collaboration through the CargoSphere Rate Mesh. CargoSphere allows each of its global clients to create a private network of trusted parties. The Rate Mesh seamlessly and confidentially connects trading partners allowing them to integrate and simplify rate communication.

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