Cogoport, a digital freight book platform, and Concor, India’s largest rail haulage service provider, signed an agreement to boost India’s import and export activities. This agreement allows shippers to organize transport from inland factories to ship and onward to points across the globe easily at the click of a button.
Cogoport already provides a single online booking platform connecting thousands of exporters and importers with a wide range of shipping lines. Showing prices for multiple carriers in one place, it typically enables shippers to make savings of around 10% on ocean carriage. This new arrangement with Concor adds rail services to and from Inland Container Depots (ICDs) across India to the platform helping shippers to plan whole shipments whilst reducing costs port to port.
“This agreement with Concor represents a further, significant step forward for Indian business – making their shipping easier and more connected. Some almost 90% of India’s rail freight is carried by the Concor rail network, so our partnership brings together the benefits of rail transport with our transparent marketplace for ocean carriage. For the first time shippers have a single factory-to-ship planning and booking platform,” Purnendu Shekhar, founder and CEO of Cogoport said.
The companies can plan more easily their logistics services which translates into 10-15% cost savings.
Currently, the platform has up more than 26,000 users, and is particularly popular among small and medium-size enterprises who often do not have the resources to contact multiple suppliers or the individual buying power to access competitive rates for container shipping.
Rail operations are now joined with over 40 major international shipping line partners and host of other suppliers in the Cogoport marketplace to make logistics easier and fairer.