XENETA,
a global real-time and on-demand ocean freight rates benchmarking
platform, has been named a Cool Vendor in Supply Chain Execution 2018 by
acclaimed technology research firm Gartner, Inc.
The Norwegian headquartered business,
which also has offices in New York and Hamburg, was singled out for its
ability to give users real-time, personalised market insight, unlocking
value for ocean freight rate negotiations, said the Xeneta press
release.
The Gartner report elevated Xeneta to Cool Vendor status due to its
commitment to ensuring users have access to the latest rate information
by constantly updating benchmarks, rather than doing so weekly or
monthly like other services, it said.
Said Xeneta CEO Patrik Berglund: "Our success is judged by the growth of
the platform and the value we can deliver for our users' businesses.
"Xeneta has increased its data coverage by over 150 per cent in the
space of the last year alone. It is currently adding new data points at
the rate of over two million per month," said Mr Berglund.
Xeneta data is comprised of 55 million contracted container rates and
covers over 160,000 global trade routes. Xeneta is a privately held
company with offices in New York and Hamburg.
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