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CargoSmart Celebrates Its Fifth Anniversary

Posted on: Tuesday, 25 October 2005, 12:00 CDT

SAN JOSE, Calif. and HONG KONG, Oct. 25 /PRNewswire/ -- CargoSmart Limited, an award-winning application and integration services provider for the ocean container transportation industry, today announced that it is celebrating its fifth anniversary. Currently, over 30,000 members from over 12,000 organizations actively use CargoSmart's open platform to connect to their ocean carriers and access consolidated shipment information from one location. Importers, exporters, and transportation intermediaries rely on CargoSmart's high-quality shipment data, reliable services, and advanced applications to plan, process, monitor, and share their multiple-carrier shipment information throughout the shipment cycle.

Meeting Customer Needs

CargoSmart solutions allow customers to automate their shipment management processes to save money, work more efficiently, and improve communications with multiple departments and logistics parties globally. Customers consistently rely on CargoSmart to manage unexpected events and control costs. When hurricanes, port strikes, and other unplanned events disrupt supply chains, customers turn to CargoSmart to determine the latest shipment status, implement contingency plans, minimize detention and demurrage charges, and check financial information. "CargoSmart is successful with shippers because of the high quality shipment data that it provides through its flexible platform," said Joe O'Brien, CargoSmart director of business development. "Whether to spot exceptions through daily reports or minimize demurrage charges with pre-alerts, our customers continue to use CargoSmart for the critical and timely information that it provides." Five-year champion customers include BenQ, Brooks Sports, Celanese Canada, Meyer, and Zak Designs.

Rapid Growth

Over the past five years, customers have been rapidly moving their traditional offline and manual shipment management processes to CargoSmart to automate and manage their multiple-carrier shipment information. Currently, CargoSmart's system generates about 6,500 reports and 37,000 event-driven e- mail notifications each week. In the last year, transactional features have continued to grow in popularity with the number of booking requests up 79 percent, shipping instructions submitted up 235 percent, and bills of lading printed up 130 percent. Also in the last year, CargoSmart's user base has doubled. The ability to automatically share critical shipment information has improved visibility and communication across global organizations. The proven benefits have prompted customers to exponentially increase the number of associates connected to their CargoSmart network. In China, the most notable growth region, customers manage their rapidly increasing shipment volumes with CargoSmart's online and offline solutions. Globally, CargoSmart has also experienced growing demand for its integration solutions. Technically sophisticated customers are increasingly requesting shipment data to be transmitted to and from their systems using XML and electronic data interchange (EDI) to improve visibility, data accuracy, and productivity.

Award-Winning Services

Since its launch, CargoSmart has enjoyed accolades from customers, partners, and industry publications from Asia, North America, and Europe. In the last year alone, CargoSmart has received five awards for its innovative use of leading technology, outsourcing arrangements, and overall value in helping customers run their supply chains. The recent awards are:

* 100 Great Supply Chain Partners -- Global Logistics & Supply Chain Strategies * IT Excellence Awards, Best Business Enabler -- Logistics - MIS Asia * Best Practice Awards -- Outsourcing - Best Practice Management Magazine * Reader's Poll: Best Third-Party Web Site -- Marine Digest and Cargo Business News * Freighting Industry Awards: IT Category Finalist -- International Freighting Weekly

The awards show that the company provides reliable, high-quality shipment data through advanced value-added applications and integration services.

About CargoSmart

CargoSmart (http://www.cargosmart.com/), with offices in San Jose, New York, Toronto, Southampton, and Hong Kong, is one of the most advanced application and integration service providers for the container transportation industry. Customers use CargoSmart to help manage their ocean shipments with multiple carriers throughout the shipment cycle. CargoSmart's services include tools to let customers plan, process, monitor, and share shipment information. The services are available through online, offline, integration, and mobile platforms. CargoSmart launched its portal in October 2000 and has become the customer-preferred choice with over 30,000 members.

CargoSmart Limited

CONTACT: Headquarters, Christine Stokes, +1-408-325-7651, orchristine.stokes@cargosmart.com, or Asia, Ian Sehgal, +852-2233-8681, orian.sehgal@cargosmart.com, both of CargoSmart Limited

Web site: http://www.cargosmart.com/

Source: PRNewswire

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