INTTRA: Transaction volumes are surpassing container growth

The ocean shipping e-commerce platform saw first half transactions across its platform increase 17 percent year-over-year, compared to less than 4 percent growth in overall container volume through May.    Ocean shipping e-commerce platform INTTRA said Tuesday it saw first half transactions across its platform increase 17 percent year-over-year, compared to less than 4 percent growth in overall container volume through May.
   The transactions include booking and shipping instructions facilitated through INTTRA’s platform between carriers and shippers or freight forwarders. The growth does not include volumes processed through INTTRA’s eVGM service that allows shippers and forwarders to transmit verified gross mass data to carriers to comply with an International Maritime Organization container weight requirement.
   “We have invested in our core platform and products, created new products and reached out to new customer segments,” INTTRA CEO John Fay said. “The global shipping industry has reached a tipping point where digital shipping management is now a competitive necessity.”
   Bookings and shipping instructions for 18.4 million containers were processed by INTTRA in the first half of 2016.
   Along with growth of its core transactional business and the eVGM service, the company introduced a new web user interface that integrates booking requests, shipping instructions and web bill of lading, a new dangerous goods submission functionality and decision support dashboard that highlights container status event visibility and detention and demurrage reductions.