Executive Briefings

CargoSphere Unveils Update of Global Rate Network

CargoSphere, a cloud-based network for global freight-rate management for the ocean and air logistics industries, has developed version 4.0 of its CargoSphere Rate Network (CRN).

According to the vendor, the upgrade provides a more intuitive and clearly defined networking experience for non-vessel operating common carriers and freight forwarders seeking to collaborate with global agent partners. A new Guest Sponsor program simplifies and speeds up collaboration between CargoSphere system users and their agents, allowing for rate-sharing within minutes. The confidential, client-controlled process requires mutual authorization by two parties before rate collaboration can occur. Other improvements in CRN 4.0 include new networking functionality based on geographical parameters, expanded options for agent partners, and block features which allow users to manage and limit the contract and rate information that is available for viewing. The CargoSphere platform enables rate quoting, negotiating, sharing and booking of containerized freight across the vendor's rate network. It synthesizes rate management, bidding and quoting into one continuous process.

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According to the vendor, the upgrade provides a more intuitive and clearly defined networking experience for non-vessel operating common carriers and freight forwarders seeking to collaborate with global agent partners. A new Guest Sponsor program simplifies and speeds up collaboration between CargoSphere system users and their agents, allowing for rate-sharing within minutes. The confidential, client-controlled process requires mutual authorization by two parties before rate collaboration can occur. Other improvements in CRN 4.0 include new networking functionality based on geographical parameters, expanded options for agent partners, and block features which allow users to manage and limit the contract and rate information that is available for viewing. The CargoSphere platform enables rate quoting, negotiating, sharing and booking of containerized freight across the vendor's rate network. It synthesizes rate management, bidding and quoting into one continuous process.

Read Full Article