Carrier's goal is to eliminate friction in their rate distribution model and to drive growth and booking volumes Chapel Hill, North Carolina - CargoSphere, the leading provider of frictionless rate networking and cloud-based global freight rate management, today announces that UASC, a leading global ocean carrier, along with its customer SEKO Logistics,  a global supply chain and logistics management company, have implemented a direct CargoSphere rate technology connection to significantly accelerate the distribution of current, frequently changing, Asia-Europe freight rates.  Ongoing and increasing rate volatility is weighing the global, ocean shipping industry down.  Carriers can't distribute bottom-line rates comprised of numerous surcharges fast enough and logistics service providers (LSPs) are challenged with effectively managing rate updates. In this environment, everyone loses out. 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's vision is 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.   How it works: UASC uploads 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 is shared confidentially via CargoSphere's Rate Mesh, a connected, online one-to-one sharing network.  SEKO Logistics, an established CargoSphere Rate Mesh customer, easily accesses UASC's pricing in their rate database for timely quoting to customers. Implementation of this solution was 2 weeks from contract signing to 'go live'.
"Our goal is to lead with an advanced technology infrastructure that adds substantial value for our customers.  With CargoSphere, we are eliminating many steps in distributing rate updates which is enabling us to more quickly make rates visible to our customers, which benefits our customers as well as working to our advantage," said Eric B. Williams, Vice President, Global Head of Sales & Marketing at UASC. "UASC is in the forefront of carrier technology with their use of CargoSphere's frictionless rate distribution and management.  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," said Jose Quesada, Vice President, Ocean Services, SEKO Logistics.  "UASC is the first vessel-owning ocean carrier to add the power of CargoSphere's real-time connectivity to their business.  This is the most accurate, efficient way for the industry to distribute frequent pricing updates to customers and it saves time and effort!  It is truly a game changer for UASC. With CargoSphere, UASC is eradicating static file contracts, rate sheets and cumbersome management of amendm