GT Nexus: Freight spend tops $10 billion
On-demand ocean freight and trade management Web portal GT Nexus said Tuesday the amount of ocean and air transportation spending managed on its trade and logistics portal surpassed $10 billion in 2009.
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The volume was calculated from the collective buying power of all GT Nexus customers, which include shippers Nestl', Hewlett Packard, The Home Depot, Caterpillar, Liz Claiborne, DHL, Weyerhaeuser and Procter & Gamble, as well as virtually ever major ocean carrier.
'Despite the global economic crisis, we experienced a major increase in new business for our transportation management services,' said John Urban, president of GT Nexus. 'Companies need to reduce costs, and our solutions give proven return on investment.'
