BuyCo Enhances Its Collaborative Forwarder Platform with CargoSmart

SAN JOSE, CA--(Marketwired - February 23, 2016) - CargoSmart Limited, a global shipment management software solutions provider that leverages big data for greater visibility and benchmarking, today announced that BuyCo For Growth (BuyCo) has implemented CargoSmart's shipment management solutions to enhance its collaborative IT platform for freight forwarders. BuyCo provides an online platform that enables global freight forwarders to create a stronger network to offer their customers extensive trade routes and competitive freight rates. Subscribing to CargoSmart's shipping data as a service, BuyCo now provides its forwarder members with multiple-carrier sailing schedules and shipment execution services alongside freight rates to improve shipment management through a single online platform.

Medium size non-vessel operating common carriers (NVOCCs) and freight forwarders use BuyCo's platform to leverage its technology and the power of an online community to grow their businesses. CargoSmart's services facilitate the freight forwarder community's digital transformation. "Ocean freight rates and services are continuously fluctuating in today's dynamic market," said Carl Lauron, founder of BuyCo. "After integrating BuyCo's and CargoSmart's cloud-based platforms, our forwarder members collectively improve shipment planning and operational efficiencies with unparalleled quality data and shipment management services."

Founded in 2014, BuyCo currently has 30 freight forwarder members that are located in 70 countries and provide services that span 242 ports. One of BuyCo's first members, Indial Shipping Pvt. Ltd., is a freight forwarder based in India. "Shippers expect timely updates to changes in shipment plans," said Omar Sait, president of Indial Shipping. "BuyCo's integrated collaborative platform with CargoSmart enables us to easily and efficiently manage our customers' shipment information from looking up current sailing schedules to tracking shipment status updates to keep our clients informed."

"Having access to the most current sailing schedules is critical for providing accurate quotes and making bookings for customers," said Christopher Taylor, executive vice president of Empresas Taylor, a BuyCo member in Chile. "BuyCo's community platform, combined with data and services from CargoSmart, helps us to offer our customers superior customer service."

CargoSmart's data as a service offers extensive route information. CargoSmart transmits ocean schedule data to BuyCo by Web services, ensuring that BuyCo's members access the most up-to-date schedule data at the time they search, including door to door routes and multiple vessel legs published by carriers. The on-demand service saves BuyCo resources compiling and maintaining schedule data from multiple carriers for its members.

The shipping industry is undergoing a digital revolution. "We are honored that BuyCo selected CargoSmart's solutions to elevate its platform for freight forwarders," said Lionel Louie, chief commercial officer of CargoSmart. "Connecting cloud-based services helps to speed the digitization process for BuyCo's freight forwarder members so that they can improve planning and streamline the online shipment management process."

About BuyCo For Growth

In a highly competitive environment, medium-size freight forwarders need to group their strengths to survive and grow. BuyCo's mission is to build a worldwide network of medium-size freight forwarders, linked with an advanced IT platform, to create a virtual large international freight forwarder business that benefits from its enhanced competitive advantage. Founded in 2014, BuyCo For Growth has 30 freight forwarder members and adds a new member every week. BuyCo has a presence in 70 countries and provides services that span 242 ports. Transparency, trust, and pragmatism are core values among its members. BuyCo offers collaborative tools to revolutionize freight forwarding, leveraging its partnership network and advanced technology to enhance operational efficiency and facilitate business. For more information, please visit www.buycoforgrowth.com.

About CargoSmart

CargoSmart Limited provides global shipment management software solutions that enable shippers, consignees, logistics service providers, NVOCCs, and ocean carriers to improve planning and on-time deliveries. Connected to over 30 ocean carriers, CargoSmart leverages big data sources and a cloud-based platform to offer award-winning sailing schedules, visibility, documentation, contract management, compliance, and benchmarking solutions. Launched in 2000, CargoSmart helps over 130,000 transportation and logistics professionals to increase delivery reliability, lower transportation costs, and streamline operations. For more information, please visit www.cargosmart.com.