Modernizing the Shipping and Logistics Industry with Big-Data Platform
October 29, 2015 -- Oslo, Norway --- Xeneta, the leading price comparison platform for containerized freight transforming the shipping and logistics industry with big data analytics, today launched two new offerings, Xeneta Insight for SMBs andXeneta Intelligence for large-volume shipping companies.
Developed due to popular demand from SMBs with yearly low-volume shipments, Xeneta Insight delivers accurate real-time contracted rates information on the current and historical market development of ocean freight rates for 20’, 40’ and 40’ HC containers. It allows shippers/BCOs to benchmark their prices against aggregated market indexes, which are presented in a customizable dashboard offering a complete overview of rate levels compared to market averages. The Xeneta Insightdata enables shippers/BCOs to find gaps in their freight rates and arms them with the facts they need to optimize their transport cost.
Real-time comparable data analytics
Xeneta Intelligence includes all the features and flexibility of Xeneta Insight, however, goes one step further with real-time comparable data analytics. Xeneta Intelligence lets the shipper/BCO accurately measure their price performance comparing their own rates and the market rates directly in the Xeneta platform. Shippers/BCOs can measure their own freight rates and their suppliers’ vs market movements for multiple global port-port routes where averages over time (shippers and market rates), gain/loss view and percentage movements are represented via advanced, easy-to-use and customized data visuals.
“We have seen a major hole in the containerized sea freight market where procurement decisions have not been done based on facts. Our two new product offerings aim to change how shipping rates are traditionally negotiated providing low and high-volume shippers/BCOs the information they need to optimize the procurement business with aggregated error-proof data based on real-time worldwide freight rates,” says Patrik Berglund, CEO, Xeneta.
Bringing transparency to freight rates
Xeneta’s aggregated big data platform has been able to alter how global trade is done. Its platform is bringing transparency to freight rates in the containerized trade business where it’s empowering the shipping and logistics industry to make informed decisions and optimize their logistics procurement with advanced data visualization. To learn more and get a live demo of how Xeneta Insight and Xeneta Intelligence works and how it visualizes shipping market intelligence, please visit www.xeneta.com/products.
Xeneta is the leading ocean freight price comparison and shipping market watch index transforming the shipping and logistics industry. Xeneta’s easy-to-use yet powerful reporting and analytics platform provides shippers and freight forwarders the software data they need to compare their shipping prices against the world's largest database of contracted rates – reporting live on market average and low/high movements. Xeneta’s shipping indexes cover over 60,000 global trade routes enabling informed decisions with actionable intelligence optimizing companies’ logistics procurement. Xeneta is a privately held company and is headquartered in Oslo, Norway. To learn more, please visit www.xeneta.com.
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