GoCargo.com Establishes 24-Hour Global Trading Floor

Friday, June 02, 2000
its online B2B exchange has reached 6,000, consisting of approximately 5,000 shippers (exporters/importers) and approximately 1,000 service providers (carriers and intermediaries).

GoCargo.com's team of 20 international traders are operating 24 hours a day, five days a week, offering local decision makers from Tennessee to Hong Kong the ability to bid on and book shipments online with the personal assistance of GoCargo.com account managers who speak numerous languages, such as Mandarin, Korean and German. The new exchange at Broadway and Wall Street is bringing 21st century trading concepts to the tradition-bound shipping industry, with real benefits to both the buyside and the sellside: saving as much as 40% on shipping contracts for the shippers, and filling excess capacity on trans-ocean shipments for the carriers.

The trading desk is managed by Marc Rappaport, Vice President of Trading and Operations, who was formerly a senior vice president of Prudential Securities and a financial advisor at Shearson Lehman Hutton.

GoCargo.com, founded in July 1999 by Chairman/CEO Eyal Goldwerger, launched its Web site last November and closed a second round of financing in February 2000 led by Goldman Sachs Group Inc.

"Although price is most often the determining factor in a shipper's decision, other factors such as quality of service, timing of shipments or specific fulfillment issues can take precedence," Mr. Goldwerger notes.

"With 1,000 service providers in the system, GoCargo.com gives shippers real choices along with savings and convenience. Our account managers continuously interview shippers to ascertain their commitment levels and determine how 'real and ready' their shipments are," Marc Rappaport explains. "We know the cargo is actual and available, and the carriers are qualified. This is another service GoCargo.com provides that customers recognize as a real advantage."

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Viking Supply Ships Sell PSV 'SBS Cirrus'

Rederi AB TransAtlantic subsidiary Viking Supply Ships says it has sold the 1985 built platform supply vessel SBS Cirrus. The vessel has been delivered to its new owners,

SBM Offshore Announces Thunder Hawk Tiebacks

SBM Offshore is pleased to announce it has signed a Production Handling Agreement (PHA) with Noble Energy to produce the Big Bend and Dantzler fields to the

Fifth Jackup Contract for Keppel from Gulf Drilling

Keppel FELS Limited, a wholly owned subsidiary of Keppel Offshore & Marine, has secured a contract from Gulf Drilling International Ltd. of Qatar to build a

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Port Authority Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1200 sec (8 req/sec)