World’s first online Freight Exchange portal “Shipping Exchange” enables real deals via Virtual Exchange

World's first online Freight Exchange portal "Shipping Exchange" enables real deals via Virtual Exchange

Bengaluru, India | Red Newswire | Jan 5, 2016 Last Updated at 2:08 PM IST.

shipping exchange-rednewswire

Freight forwarding as well as carloading have been one of the best means of transportation available to the shippers over a century. Of course there exists a close relationship between fast freight lines and modern freight forwarding. These fast freight lines were operated by freight forwarders who issued their own bills and settled their claims, eventually causing their liability to be questioned. Shipping Exchange Inc. launched world’s first online Freight Exchange portal “ShippingExchange.com” for ocean shipping, allowing shippers to get most competitive quotes from global service providers, making it the world’s largest online marketplace for Sea Rates which helps around 3 Lac exporters/importers worldwide to get best ocean freight rates for their shipments from widest range of service providers at absolutely NO COST. At the same time it helps Freight Forwarders / NVOCCs / Shipping lines get hundreds of sales leads and business opportunities of their choice without needing to visit the Shipper. www.shippingexchange.com works on a “no-obligation-reverse-bidding” model where service providers try to outbid each other by providing their best quotes on Freight Inquiries posted by shippers. Shipper then reviews all bids, decides who he wants to do business with and gets in touch with them directly. At the same time it helps Freight Forwarders / NVOCCs / Shipping lines get hundreds of sales leads and business opportunities of their choice without needing to visit the Shipper. “We don’t interfere between the two after this point, neither do we charge any commission on any transaction from anyone”, says Ashutosh Shrivastava, Founder & CEO, Shipping Exchange. “Shipping Exchange not only helps a Shipper get best rates for his shipment but also reduces his efforts in getting those rates to almost nothing. At the same time, it can reduce the cost of acquiring sales leads for Service providers by almost 90% as it potentially eliminates the need of having multiple offices and staff across the country or world. As everything today from banking to retail is being driven by internet, there is no reason why shipping can’t be and shipping exchange is committed to facilitate this transition.” adds Shrivastava. www.shippingexchange.com today has over 63 thousand members in India. Besides India, majority of its members come from USA, China and Europe. It also has good member base in Middle East & North Africa.