Panalpina Goes Live on GT Nexus Portal with Global Transportation Rate Management Platform

Standardized ocean rates and agreements stored and managed in central online hub

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GT Nexus today announced that Panalpina has successfully rolled out a global transportation rate management hub on the GT Nexus Trade and Logistics Portal. Delivered as a hosted service over the Web, the platform is the central repository for transportation contracts and rates representing over 1.2 million TEUs of containerized shipments that Panalpina is managing globally for its customers.

The platform supports all of Panalpina’s global ocean trade lanes, across all carriers that Panalpina works with. The entire platform is provided on-demand over the Internet. Panalpina did not need to buy and install any software, and the platform was up and running in about 8 weeks.

“Panalpina is a leading global 3PL that strives to use technology to get better at what they do,” said Andy Stinnes, VP and Managing Director of GT Nexus Europe. “They evaluated our experience in working with global 3PLs and ocean carriers and quickly recognized the value potential. We look forward to a long and productive relationship with the Panalpina team.”

About Panalpina Group

The Panalpina Group is one of the world's leading suppliers of forwarding and logistics services, specializing in end-to-end supply chain management solutions and intercontinental air freight and ocean freight shipments. Thanks to its in-depth industry know-how and state-of-the-art IT systems, Panalpina provides globally integrated door-to-door forwarding services tailored to its customers' individual needs. The Panalpina Group operates a close-knit network with some 500 branches in over 80 countries. In a further 80 countries, it cooperates closely with partner companies. Panalpina employs about 14,000 people worldwide. For information, visit www.panalpina.com.

About GT Nexus

GT Nexus offers a cloud-based platform that the world's biggest companies use to drive efficiency and agility across the global supply chain. Leaders in manufacturing, retail and logistics services all share GT Nexus as their standard, multi-enterprise collaboration platform. Users operate against a core set of information across multiple supply chain functions to optimize the flow of goods and trade information, from order point to final payment. Customers include Xerox, Williams-Sonoma, Nestlé, DHL, Sears, Caterpillar, Kraft Foods and The Home Depot. For information, visit www.gtnexus.com.

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