Preferred partner, CargoSphere, will become sole distribution vehicle for Amerijet’s global rates in light of AFRA closure

Chapel Hill, North Carolina, October 24, 2013 – CargoSphere, the leading, cloud-based global rate management solution and confidential Rate Mesh network for the ocean and air transportation and logistics industries, and Amerijet, a global provider of land, sea and air transportation, announce an expanded relationship making CargoSphere Amerijet’s single source for rate distribution over the Rate Mesh Network. This enhanced relationship offers Amerijet greater control and freight rate accuracy across its entire operational framework. Amerijet has been a customer of CargoSphere the last four years.

The recent termination of operations of OAG Cargo’s AFRA, an online rate distribution and management application for air carriers and freight forwarders, is creating a gap in the marketplace and providing further motivation for Amerijet to accelerate the implementation of CargoSphere for rate management and rate distribution.

Near-term, the Amerijet-CargoSphere business partnership will include global freight rate distribution to Amerijet’s network of affiliate businesses, agent partners, and freight forwarder (FF) customers across the CargoSphere Rate Mesh. Subsequent phases will include freight rate quoting and responding to RFQs (requests for quotes); and management of FF customer rate contracts all on the CargoSphere standardized platform.

“The more I evaluated the CargoSphere Cloud-based system from a business and IT perspective, the more I believed this was the ideal plug-in for our core operational systems. I look forward to working with CargoSphere to achieve this integration which will allow us to allocate more time to our core business functions,” said Jennifer S. Torlone, Senior Director, Technology and Information Services.

Derry S. Huff, Sr. Director, Strategic Initiatives, Amerijet International, commented, “We want control over the rates presented to our customers and historically accurate visibility to those rates for better management of pricing and more accurate invoicing. Third-party resources in the marketplace that repackage rates operate outside our sphere of control and often create confusion for our customers and inefficiencies for our company. With CargoSphere there will be one source for accurate pricing which will allow us to retain control over all rate distribution.”

“We are pleased to expand our business partnership with Amerijet and work with their progressive management team in new, strategic ways. Their single source vision for their freight rate management and network connections will reap important data accuracy improvements, speed and accuracy of quoting, and generate innovative solutions that will boost customer engagement and satisfaction,” remarked Neil Barni, President, CargoSphere.

About Amerijet:

Amerijet has earned an international reputation as the “Global Source” for transportation solutions by delivering seamless worldwide transportation by land, sea and air for individuals, emerging businesses and Fortune 500 companies. Amerijet’s professionalism and the “value” its customers have come to expect are the hallmarks of its award-winning formula for success. Amerijet provides specialized equipment, worldwide warehouses, customized services and state of the art technology, tracking, safety, and security, while maintaining the highest level of quality to satisfy all international requirements, and personalize every customers’ needs. Amerijet’s primary goal is to develop long-term relationships with customers by providing first-class service, equipment, and facilities. Amerijet’s dedication to quality service and its entrepreneurial spirit motivate the company to constantly seek the best methods of providing optimal service to its customers and to maintain excellence in its staff.

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About CargoSphere

Established in 1999, CargoSphere powers the industry’s first cloud-based, confidential global rate management solution and Rate Mesh Network with over 100 million ocean and air rate connections worldwide. CargoSphere allows each of its global clients including NVOCCs, freight forwarders, asset based carriers and BCO (beneficial cargo owner) shippers to manage confidential rates and create a private network of trusted parties.

The CargoSphere platform is a pioneering rate technology solution that merges multimodal freight rate management with functionality that enables multiple uses of these rates including: rate quoting, negotiating, sharing, and booking containerized freight across the CargoSphere Rate Network. The Network seamlessly connects global supply chain trading partners allowing them to effectively integrate and simplify rate communication. It reduces the significant complexity and time-consuming task of managing, sharing and distributing freight rates.

CargoSphere synthesizes rate management, rate negotiations (bidding), and quoting into one continuous process. This holistic approach enables the shipping industry to become more efficient, responsive and collaborative than ever before.

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