Private trading community launched

Sept. 1, 2002
Shippers can automate transactions with their core carriers through NTE TransTrade, an online private trading community developed by NTE Inc. of Downers Grove, IL. Based on a shippers routing guide and business rule, the web-based system will automate load tendering and procurement, eliminating phone calls, faxes and other manual processes, according to NTE. TransTrade also provides shippers with

Shippers can automate transactions with their core carriers through NTE TransTrade, an online private trading community developed by NTE Inc. of Downers Grove, IL.

Based on a shippers routing guide and business rule, the web-based system will automate load tendering and procurement, eliminating phone calls, faxes and other manual processes, according to NTE. TransTrade also provides shippers with metrics-based measurement capabilities, allowing them to track on-time deliveries, damage claims, billing and customer satisfaction. Shippers using the private TransTrade can also choose to place loads on NTE's open public exchange service.

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