GT Nexus reports 150% climb in TEUs managed through portal
GT Nexus, one of the three web-based portals shippers can use to book ocean carrier slots, reported Tuesday that it experienced record activity levels for the just-completed 2006 ocean transportation bid season.
For the 2006 bid season, which occurs each spring, GT Nexus tallied the following results: more than 2.6 million TEUs procured and managed over the portal and more than $3.5 billion in transportation services contracted with carriers.
'These numbers are up 150 percent from 2005, and represent over 20 percent of all container volume moving in and out of North America,' GT Nexus President John Urban said in a statement. 'This demonstrates two things. First, the concept of going online to handle a multi-million dollar, strategic transportation spend has become common for big shippers. And second, GT Nexus has become the industry standard and market leader for global transportation management.'