INTTRA, an e-commerce platform for the ocean freight industry, has entered into long-term agreements with Maersk Line, MSC, CMA CGM, Hapag-Lloyd, and Hamburg Sud for e-commerce and professional services worth more than $100 million over the next three years.
This commitment from carriers represents an endorsement of INTTRA’s new vision and provides the foundation for carriers to continue to receive cost savings and efficiencies from this e-commerce platform.
The new contracts are part of a longer-term strategy to expand INTTRA’s e-commerce services and products for carriers and their shipping partners. This commitment in part will fund new product development, while underpinning INTTRA’s focus on continuous business process innovation for ocean carriers.
With a global network of 20,000 corporate locations and the economies of scale inherent in its e-commerce platform, INTTRA has become an integral part of carrier cost reduction strategies. Since its launch eight years ago, it has lowered the average cost of key business processes for carriers by 60 percent. Today, more than 260,000 container orders are initiated on this platform each week, representing more than 10 percent of global ocean container trade.