Read about it in Trade & Forfaiting Review HERE.

April 10, 2002 -
TrackPoint: Joint Venture between TradePoint Systems and Global TranXit Announced

TradePoint Systems LLC and Global TranXit, Inc. (previously FreightDesk.com) have announced a joint venture to provide worldwide on-line services for shipment tracking, purchase order tracking, and supply chain management visibility 24/7 under the name of TrackPoint.

From anywhere in the world TrackPoint allows Buyers to enter part numbers directly into the system via the Internet and receive instant feedback as to what PO's contain the part numbers, what shipments the part numbers are on, as well as the ETA of the shipment(s), thereby allowing the Buyer to turn the "black hole" of their goods in transit into visible inventory. This same data can also be downloaded to Consignee inventory systems to give real-time updates to shop floor Production Managers. Customs Brokers benefit from data entered by their overseas Agents as well. Once the information is entered or uploaded by the overseas Agent, it is not only available for tracking, but can also be downloaded by the Customs Broker to save data entry time.

Furthermore, with TrackPoint Customs Brokers and Freight Forwarders around the globe are able to form groups or associations to efficiently and cost-effectively manage a customer or a group of customers, thereby providing them with the powerful tools necessary to effectively compete against the multi-national Forwarders.

"TradePoint Systems has been developing and implementing systems for Freight Forwarders and Customs House Brokers for over 30 years" said Christopher Crane, President & CEO of TradePoint Systems. "With TrackPoint our customers will have simple and direct access to a complete set of Internet-based products allowing them to offer a host of advanced supply chain management services to their customers."

Kevin Gavin, President & CEO of Global TranXit stated: "Implementing systems to manage the process from the purchase order to proof of delivery often fails because of the large effort required to interface the parties together. Global TranXit and TradePoint have developed interfaces that allow all TradePoint customers easy access, along with simple standards and methods to allow non-traditional TradePoint client's access to TrackPoint as well. Already we have 40 countries on-line and hundreds of Buyers are benefiting from the service"
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