Elite Selects Rate Explorer from Management Dynamics to Automate its NVOCC Ocean Contracts.Business Editors EAST RUTHERFORD, N.J.--(BUSINESS WIRE)--Jan. 8, 2003 Elite also partners with Management Dynamics to deliver Rate Explorer to its freight forwarding customers Management Dynamics, Inc. (www.mgmtdynamics.com), the market leader in full-function tariff and contract management solutions for the ocean transportation industry, today announced that Elite International Transportation Inc. (www.eliteint.com), a world-leading logistics provider that offers a complete range of logistics services to the chemical, petrochemical and food industries, has selected Management Dynamic's Rate Explorer(TM) to automate contract management for its non-vessel operating common carrier Non-vessel operating common carriers (NVOCC) are one type of sea freight forwarders. Instead of using their own ships, they operate as transportation or logistics intermediaries. (NVOCC See Non Vessel Operating Common Carriers. ) operations. Management Dynamics and Elite will also partner to jointly market and sell Rate Explorer to Elite's freight forwarding customers. Rate Explorer is Explorer-I, officially Satellite 1958 Alpha (and sometimes referred to as Explorer 1), was the first Earth satellite of the United States, having been launched at 10:48pm EST on January 31 (03:48 on 1 February in GMT), 1958, as part of the United States program for the a web-based contract management solution for ocean transportation. Developed by Management Dynamics to address the shortcomings A shortcoming is a character flaw. Shortcomings may also be:
adj. 1. That can be calculated or estimated: calculable odds. 2. Readily relied on; dependable: a calculable assistant. format and optimize the selection of shipping routes by accurately calculating and comparing services with full bottom-line prices, inclusive of inclusive of prep. Taking into consideration or account; including. ocean rates, assessorial charges, and inland amounts. Elite expects that Rate Explorer will realize significant cost savings by improving carrier selection, lowering administrative overhead, eliminating overcharges, and improving productivity. Mark Kaifesh, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Elite International Transportation, said, "By integrating Management Dynamics' Rate Explorer with Elite's systems, we are able to more effectively manage contracts in our NVOCC business and provide better service to our customers. Rate Explorer is a proven technology that will help us further differentiate our services and enhance our market position in this very competitive business." Elite has also partnered with Management Dynamics to jointly market and sell Rate Explorer to their freight forwarding customers. Now many of the same powerful benefits that Elite will realize in their NVOCC business will be available to shipper SHIPPER. One who ships or puts goods on board of a vessel, to be carried to another place during her voyage. In general, the shipper is bound to pay for the hire of the vessel, or the freight of the goods. 1 Bouv. Inst. n. 1030. customers in their freight forwarding business. Rate Explorer will be integrated with Elite's import/export transaction system to improve the coordination and productivity of the shipper's logistics processes by managing contracts in a calculable format, improving carrier selection, and streamlining the audit of invoices. Michael Loup loup a bounding gait. , Vice President of Business Development, Elite International Transportation, stated, "Managing carrier contracts and rates has always been a tedious and time consuming task for our customers. As part of our strategy to improve and streamline all logistics processes, we set out to offer a world-class solution for managing this task for shippers. We evaluated several software offerings and chose Rate Explorer and Management Dynamics as the solution and organization which provides the premium service we want for our customers." Jim Preuninger, CEO of Management Dynamics, said, "Elite has a solid reputation for being on the cutting edge of logistics technology, and for continually seeking out ways to offer higher levels of service to its customers. We are delighted to partner with them, and have the opportunity to automate their NVOCC operation and their forwarding customers' shipping operations." About Elite International Transportation Founded in 1985, Elite International Transportation is a world-leading logistics provider that specializes in offering a complete range of logistics services to the chemical, petrochemical and food industries. Elite was among the first freight forwarders An individual who, as a regular business, assembles and combines small shipments into one lot and takes the responsibility for the transportation of such property from the place of receipt to the place of destination. to offer track and trace, electronic documents, and data mining via the Internet. A combination of up-to-the-minute technology, personal involvement, and uncompromising dedication has placed Elite at the leading edge of the freight management industry. This technology spans all of the company's business offerings including freight forwarding, customs brokerage, warehousing and distribution, and non-vessel operating common carrier (NVOCC) services. Elite is also at the cutting edge of national cargo security requirements, and is a member of the U.S. Customs-Trade Partnership Against Terrorism (C-TPAT C-TPAT Customs-Trade Partnership Against Terrorism (US government) ), as well as the American Chemistry Council's Responsible Care. Elite employs approximately 500 people worldwide in 21 offices, with corporate headquarters in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the . For additional information, contact Michael Loup at 281/775-2100, or visit the Elite website at http://www.eliteint.com. About Management Dynamics, Inc. Headquartered in East Rutherford, New Jersey East Rutherford is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 8,716. By an act of the New Jersey Legislature on April 17, 1889, a portion of the old Union Township was incorporated under the name of , Management Dynamics, Inc. is the market leader in full-function tariff and contract management solutions for the ocean transportation industry. The company's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , Rate Explorer(TM), is a web-based solution that automates service contracts while providing carriers, transportation intermediaries and shippers with increased efficiencies. With almost half of the world's top 40 carriers now using Rate Explorer and over 6,000 users globally, Management Dynamics continues to build on its lead in the industry while expanding to address the needs of shippers and transportation intermediaries. Notable carrier clients include P&O Nedlloyd, K Line, CMA-CGM, CP Ships, and many others. For more information, please call 201/935-8588 or visit www.mgmtdynamics.com. Management Dynamics, Inc. and Rate Explorer are trademarks or registered trademarks, service marks or registered service marks of Management Dynamics Inc. All other product and company names mentioned herein may be trademarks of their respective holders. |
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