UASC first line to adopt game-changing CargoSphere tech
United Arab Shipping Company (UASC) and its customer SEKO Logistics have implemented a direct CargoSphere rate technology connection to significantly accelerate the distribution of current, frequently changing, Asia-Europe freight rates.
CargoSphere provides frictionless rate networking and cloud-based global freight rate management. In a statement UASC said that ongoing and increasing rate volatility is weighing the global, ocean shipping industry down with ocean carriers unable to distribute bottom-line rates comprised of numerous surcharges fast enough.
Logistics service providers (LSPs) are also challenged with effectively managing rate updates, creating a business environment where “everyone loses out”, according to the line.
Carriers lose business due to pricing distribution delays and LSPs are forced to manage non-stop freight rate updates which is time consuming and costly.
UASC is therefore looking to increase the value it offers customers by electronically distributing rate pricing to customers in real-time, directly into their rate database, so rates are ready to use immediately. CargoSphere is delivering this capability with a suite of solutions.
UASC will upload global tariffs and surcharges with CargoSphere’s Smart Tariff, and their base rates and contract specific surcharges with CargoSphere’s SUDS (Smart Upload and Diagnostic Solution) into their private, neutral CargoSphere application.
Accurate, current UASC pricing data from their CargoSphere application will then be shared confidentially via CargoSphere’s Rate Mesh, a connected, online one-to-one sharing network. SEKO Logistics, an established CargoSphere Rate Mesh customer, will then easily accesses UASC’s pricing in their rate database for timely quoting to customers.
“Our goal is to lead with an advanced technology infrastructure that adds substantial value for our customers,” said Eric B. Williams, vice president, global head of sales & marketing at UASC. “With CargoSphere, we are eliminating many steps in distributing rate updates which is enabling us to more quickly make rates visible to our customers.”
“UASC is in the forefront of carrier technology with their use of CargoSphere’s frictionless rate distribution and management,” said Jose Quesada, vice president, ocean services, SEKO Logistics. “Receiving accurate, current ocean rates in our database allows us to act on them faster and with more confidence. This is what results in greater customer satisfaction and increases our competitive position in the marketplace at a lower cost.”
Neil Barni, president of CargoSphere, added that UASC is the first vessel-owning ocean carrier in the world to integrate CargoSphere’s real-time connectivity with its business. “It is truly a game changer for UASC,” he said. “This is the most accurate, efficient way for the industry to distribute frequent pricing updates to customers and it saves time and effort.”