E2open completes acquisition of INTTRA

Purchase of ocean booking platform designed to fill missing piece of software firm’s supply chain puzzle.

E2open completes acquisition of INTTRA

Purchase of ocean booking platform designed to fill missing piece of software firm’s supply chain puzzle.

E2open completes acquisition of INTTRA

Purchase of ocean booking platform designed to fill missing piece of software firm’s supply chain puzzle.

 
   E2open announced Tuesday that regulatory approval had been granted and its acquisition of the ocean freight schedule and booking platform INTTRA had been completed.
   E2open, an Austin, Texas-based supply chain software firm, described INTTRA as the world’s largest neutral multi-carrier network for ocean shipping and said it operated across 177 countries connecting over 35,000 active shipping companies with more than 60 leading carriers and non-vessel operating common carriers (NVOCCs).
   INTTRA’s solutions are integrated with and supported by more than 150 strategic alliance partners, according to E2open, which said more than 850,000 container orders are initiated on the INTTRA platform each week and over 25 percent of ocean containers shipped globally today are booked through INTTRA’s platform.
   E2open said the combination of the largest ocean shipping network with the largest network of manufacturers will bring such benefits as:
    • Real-time end-to-end visibility with the ability to monitor and react to changing global needs.

    • More efficient ocean shipping with the integration of procurement, manufacturing and distribution.
   • Better logistics capacity utilization with better visibility into manufacturing forecasts and future shipping needs.
   • A unique ability to deliver predictive ETAs as well as the impact of a changing ETA to operations — as soon as an ETA is changed.
   In announcing the acquisition in October, E2open’s leaders told American Shipper that it helps some of the largest manufacturers in the world — Procter & Gamble, Dell, Cisco and Boeing, to name a few — with traditional sales and operations planning and demand forecasting, but it was still missing a sizable piece of the supply chain puzzle: the actual ocean transportation leg.
   “The gap that sits in the middle, where E2open stops once the product is manufactured, is picked up by INTTRA,” said Pawan Joshi, senior vice president of products and strategy. “INTTRA is really making sure that those products get put in a container, the container gets put on a boat and everything gets tracked correctly, all the way to the destination port where the ship is docked and the containers are unloaded. INTTRA customers will see it the whole time.”

Digitalization helps improve visibility and send accurate information to the carrier in a faster and more efficient way. Ultimately, this boosts productivity and improves profit margins for carriers. The shipper that does this is the partner carriers are looking for.

Spot container rates from Shanghai to Rotterdam stood at $1,426 per FEU as of May 23, down 2% year-over-year, according to Drewry’s World Container Index.

Most Popular
Latest News
Social Media

Loading...

As goes Alaska, so goes TOTE

As goes Alaska, so goes TOTE

Embed this story

Share Code Version 1

This version will embed the story headline and includes HTML fallback protection, ensuring the story will display even if some users decide to disable javascript in their browsers.

Copy & Paste the following code to embed this story on your website:

Preview

E2open completes acquisition of INTTRA

Purchase of ocean booking platform designed to fill missing piece of software firm’s supply chain puzzle.

on Nov 28, 2018AmericanShipper.com

Share Code Version 2

This version will embed the story headline without any styling applied. Use this version if you will use your own custom styling on your website. This version also includes HTML fallback protection.

Copy & Paste the following code to embed this story on your website:

Preview

E2open completes acquisition of INTTRA

Purchase of ocean booking platform designed to fill missing piece of software firm’s supply chain puzzle.

on Nov 28, 2018AmericanShipper.com