Blu Logistics Brings Rate Management In-House
CargoSphere, cloud-based global rate management solution and confidential Rate Mesh network for the ocean and air transportation and logistics industries, has announced the completion of Blu Logistics’ integration with CargoSphere’s freight rate management solution. Blu Logistics, a global logistics company offering sea and air freight services, customs brokerage, ground transportation, and warehousing, previously outsourced freight rate and contract management. By changing over to a self-managed system Blu Logistics has significantly reduced the cost of managing this business process area.
Within two months, Blu entered 17 confidential carrier contracts using CargoSphere’s SUDS (Smart Upload and Diagnostic Solution) which reads external rate data directly from any carrier contract format and loads it into a standardized rate system database. With this progress, Blu Logistics is automating the time-consuming and tedious task of managing and processing voluminous carrier contracts and numerous contract amendments in-house.
Additionally, Blu Logistics is actively building a confidential rate sharing network with trusted parties (such as neutral NVOCCs) over CargoSphere’s Rate Mesh to add shared LCL rates to their entered contract rates to build a vaster, more robust price quoting database.