CargoSphere, a neutral rate network for container shipping, has announced that Maersk Line has gone live with digital, fully-automated distribution of its contract rates and amendments.

Maersk Line, the world’s largest container shipping company, is now digitally distributing its rates to shipper, freight forwarder and NVOCC customers using CargoSphere eSUDS (electronic Smart Upload and Diagnostics Solution) and the CargoSphere Rate Mesh, a  powerful solution that is complementary to Maersk’s online quoting solutions.

Benefits to customers of 100-percent digital rate distribution include time and cost savings, improved data accuracy, online access to timely rates for better decision making, faster reconciliation of invoices and faster quoting to customers for freight forwarders and NVOCCs.

Carsten Frank Olsen, a senior director at Maersk Line, noted that digital rate distribution on CargoSphere will “improve rate management efficiency to the industry.” “This move is part of the Maersk Line digital transformation and helps us to offer advanced, industry-leading digital solutions that improve the customer experience,” Olsen added. “Our customers require a faster and simpler way to manage freight rates and CargoSphere is delivering the advanced technology to achieve this.”

“Digital ocean rate distribution removes many of the manual processes that have acted as a drag on rates management for many years,” said Neil Barni, Managing Director of CargoSphere. “Having Maersk Line go live on the CargoSphere platform is a big signal of its intent to transform its own key processes and the industry solutions it takes to market. This is a win for productivity and the customer experience.”

Founded in 1999, CargoSphere provides contract and rate management solutions and the Rate Mesh connected network to hundreds of customers including Kuehne + Nagel, Dachser, SEKO Logistics, M+R Spedag and Livingston International. Rate Mesh offers shipping partners immediate, confidential rate collaboration to simplify rate communication and provides a faster, more effective way to receive and distribute ocean freight rates. CargoSphere is a part of the WiseTech Global group, a developer and provider of software solutions to the global logistics execution industry.