BASEL, SWITZERLAND and HAMBURG, GERMANY -- (Marketwire) -- 11/03/09 -- GT Nexus today announced that Panalpina has successfully rolled out a global transportation rate management hub on the GT Nexus Trade and Logistics Portal. Delivered as a hosted service over the Web, the platform is the central repository for transportation contracts and rates representing over 1.2 million TEUs of containerized shipments that Panalpina is managing globally for its customers.

The platform supports all of Panalpina's global ocean trade lanes, across all carriers that Panalpina works with. The entire platform is provided on-demand over the Internet. Panalpina did not need to buy and install any software, and the platform was up and running in about 8 weeks.

"Panalpina is a leading global 3PL that strives to use technology to get better at what they do," said Andy Stinnes, VP and Managing Director of GT Nexus Europe. "They evaluated our experience in working with global 3PLs and ocean carriers and quickly recognized the value potential. We look forward to a long and productive relationship with the Panalpina team."

About Panalpina Group

The Panalpina Group is one of the world's leading suppliers of forwarding and logistics services, specializing in end-to-end supply chain management solutions and intercontinental air freight and ocean freight shipments. Thanks to its in-depth industry know-how and state-of-the-art IT systems, Panalpina provides globally integrated door-to-door forwarding services tailored to its customers' individual needs. The Panalpina Group operates a close-knit network with some 500 branches in over 80 countries. In a further 80 countries, it cooperates closely with partner companies. Panalpina employs about 14,000 people worldwide. For information, visit www.panalpina.com.

About GT Nexus

GT Nexus runs the world's only industry-backed, on-demand global trade & logistics portal. Today, more than 40,000 registered users, from over 15,000 organizations use a range of capabilities on the portal to optimize the global flow of goods and trade information from order point to final payment. GT Nexus connects the physical and financial supply chains. This allows buyers, sellers, banks and logistics providers to work over a common platform with a core set of information that supports multiple trade and logistics functions. Customers include Nestle, Inditex (ZARA), Daimler, Xerox, Case New Holland (CNH) and The Home Depot. For information, visit www.gtnexus.com.

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