A.N. Deringer, Inc. Extends Commitment to CargoSphere Rate Technology

CHAPEL HILL, N.C. -- CargoSphere, the leading, cloud-based global rate management solution, featuring confidential Rate Mesh, today announces that longstanding client, A.N. Deringer, Inc., a well-established Customs House Broker (CHB) and global freight forwarder (FF), recently renewed their commitment to the CargoSphere rate technology platform. By extending their business relationship with CargoSphere, Deringer continues their growth trajectory as a strong, responsive logistics provider.

The CargoSphere Web-based Rate Mesh allows Deringer to receive air and ocean rates from agent partners in real-time, creating a systematized rate database. Armed with timely freight rates, in a centralized system, Deringer is able to compare pricing from a range of carriers and quickly respond to customer quote requests. They use CargoSphere's quoting module for international quotes and recently expanded their usage by adding CargoSphere's trucking module to quote domestic moves.

"It's a blessing to have agent partner rates right at our fingertips. It solves the problem of having to wait 24 hours to get quotes out to customers," said Matt Parrott, Director of Transportation at Deringer. "We really appreciate the accuracy and timeliness of the CargoSphere Rate Mesh for ocean and air rates. It's a tool that offers competitive differentiation for our business." Deringer's global freight forwarding business has had 3 straight years of growth.

Neil Barni, president of CargoSphere, said "We're thrilled to continue our relationship with Deringer, a longstanding customer. As we grow Rate Mesh connections, rate resources grow providing more connection options for our networked community. Automating rate collaboration eliminates the need to manually type in rates and maintain rate sheets. Systematized collaboration throughout the supply chain is how time and cost savings can be achieved and supply chain performance enhanced."

Frank the Forwarder video explains how CargoSphere's contract and rate management and Rate Mesh solutions work. Learn more here - video.

About A.N. Deringer
Founded in 1919, A.N. Deringer, Inc., one of the largest privately-held Customs brokers in the U.S., is a leading provider of international supply chain solution services including international freight forwarding, warehousing and distribution, Customs brokerage, logistics consulting, and cargo insurance. Deringer combines over 30 U.S. offices with a global agency network to facilitate the movement of cargo throughout the world.

For more information, visit: www.anderinger.com

About CargoSphere
Established in 1999, CargoSphere powers the industry's first cloud-based, confidential global rate solution and Rate Mesh Network. CargoSphere is enabling a paradigm shift from outsourced contract management to self-management through innovative technology like SUDS (Smart Upload and Diagnostic Solution). SUDS intelligently reads static carrier-rate files directly into the CargoSphere cloud database. It significantly reduces the complexity and time-consuming task of managing freight rate contracts.

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