TCC joins jocXchange portal
Submitted by TCC on 2 March, 2011 - 10:27
The creators of JOC Exchange, which has automated the buying and selling of available spot market container slots, has signed The Containership Company. This means that TCC will be offering slots to interested customers online 24/7.
TCC and JMC Global will each utilize JOC Exchange's first two product offerings: the Private Label Exchange and the Carrier to Market Exchange.
The Private Label Exchange is a solutions platform that allows a single owner of containerized freight slots (such as an ocean carrier, NVOCC or freight forwarder) to sell its slots to invited customers. Each owner has a customized 'look and feel' on its private exchange and posts available slots and pricing for particular sailings. Customers buy based on their global transportation needs. All transactions are conducted electronically, hosted securely and accessible 24/7.
This quarter JOC Exchange will launch the Carrier to Market Exchange, a participant neutral e-marketplace allowing multiple ocean carriers to post available container slots and pricing and to sell to a vetted community of purchasing NVOCCs and freight forwarders. All postings and changes to postings are instantly available to buyers around the world with user-friendly interfaces that provide robust search and transaction management capabilities. The Carrier to Market Exchange supports global trade lanes and is compliant with all relevant maritime authority regulations.
Mark Storen, CEO of JOC Exchange, said: "We are excited to welcome TCC and JMC Global to JOC Exchange. We are energized that members of both the carrier and NVOCC communities are eager to realize the benefits afforded by our intelligent technology. Both companies will have their own Private Label Exchanges and will be among the first participants on the Carrier to Market Exchange."
Frank Kayser, COO of TCC, said: "We are partnering with the JOC Exchange because its technology provides a highly efficient set of solutions for managing the complex processes surrounding the selling and buying of container slots. We are also confident in the JOC Exchange's ability to deliver excellent support for our customers using this technology, enabling our business to continue to grow while enhancing those customer relationships."
John Crawley, President of JMC Global, said: "We love the JOC/JMC Exchange platform. The system is slick and simple, and they understand the industry. At JMC Global, our main focus is customer satisfaction and we have chosen to partner with the JOC Exchange and UBM management because they 'get it.' The management teams of both companies recognize that enhancing the customer buying experience will have significant, positive business implications for all concerned."
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