GT Nexus Logs Over US$10bn in Freight Spend on its Trade and Logistics Portal
GT Nexus reports that the amount of ocean and air transportation spending managed on its Trade and Logistics Portal surpassed the US$10bn mark in 2009. The volume was calculated from the collective buying power of all GT Nexus customers, who share a single web platform to manage transportation rates.
Major shippers that use the GT Nexus Portal include Nestlé, Hewlett Packard, The Home Depot, Caterpillar, Liz Claiborne, DHL, Weyerhaeuser, and Procter & Gamble.
The ever-increasing complexity of international supply chains makes it extremely challenging for large shippers to effectively procure services and manage global freight spending. Most companies still rely on Excel spreadsheets, which quickly become out of date. With the GT Nexus freight contracting capabilities, shippers can dynamically execute a better transportation plan at lower cost through ongoing online evaluation of offers, strategic allocation optimisation, and freight audit.