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DP World launches CARGOES customs: a single window digital solution for border authorities

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DP World launches CARGOES customs: a single window digital solution for border authorities. Image: DP World
DP World launches CARGOES customs: a single window digital solution for border authorities. Image: DP World
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DP World, the leading global logistics company and provider of smart supply chain solutions, announced the launch of its new digital compliance and revenue platform, CARGOES Customs. The platform facilitates completely paperless trade easing the flow of the customs process using innovative technology solutions, including an Artificial Intelligence driven risk engine and smart valuation. Its advanced classification wizard, based on machine learning, vastly reduces classification issues. It is designed and supported by customs experts and digital transformation leaders, and is backed by more than 40 years of experience in logistics to solve challenges in the supply chain.

CARGOES Customs provides an intelligence-enabled, unified customs operating model that optimizes border management and revenue collection activities. The system empowers customs agencies to facilitate trade, secure global supply chains, and increase compliance. At the same time, it minimizes revenue leakage for government agencies. The platform is built to assist global customs organizations in reforming and modernizing processes by streamlining digital transformation through the latest technology and tools.

The CARGOES Customs platform is based on the belief that with technology as a foundation, any customs organization can vastly improve its digital capabilities and better integrate with key agencies and other countries, while also satisfying any regional agreements. The CARGOES Customs system is further enhanced by its powerful risk engine which detects revenue leakages. This technology improves visibility and traceability, and is based on WCO best practices, thereby optimising the customs clearance process. As an intelligent risk engine, it helps enforce compliance and promotes seamless collaboration between authorities, government departments and stakeholders.

Offering a single window interface, CARGOES Customs is highly configurable and uses a template-based design which means customs organizations can update or roll-out new services at the click of a button. It supports all file formats commonly used in customs, and is WCO, WTO and SAFE framework compliant.

Sultan Ahmed bin Sulayem, Group Chairman and Chief Executive Officer of DP World said: “Trade is a key driver to help economies around the world to recover fairly and sustainably from the economic shock of the pandemic. At DP World, we are doing our part to make trade flow as smoothly and seamlessly as possible, and with CARGOES Customs we really help customs authorities around the world to become dramatically more efficient – now and for the long term. This new digital solution connects customs officials and traders through an easy-to-use interface and a suite of custom-built tools. We will continue to invest in our digital platforms to bring simplicity, transparency and efficiency to global trade – at customs, and beyond.”

Pradeep Desai, Chief Technology Officer, DP World concluded: “Demand for digital solutions has never been higher and will only keep growing. We are leveraging technology to create value for our customers and help drive growth. CARGOES Customs by DP World is part of the broader CARGOES software suite of products. DP World created CARGOES to solve pressing challenges caused by supply chain related inefficiencies. It’s a holistic solution powered by technology targeting all aspects of global trade including Finance, ERP, Tracking, Terminal Operating System, Customs software and enabling end-to-end logistics. We are excited to provide Logistics as one of our first CARGOES offerings to customers.”

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Customs

Descartes acquires NetCHB to strengthens ecommerce customs filing

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Descartes acquires NetCHB to strengthens ecommerce customs filing. Image: Pexels
Descartes acquires NetCHB to strengthens ecommerce customs filing. Image: Pexels
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Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired NetCHB, a leading provider of customs filing solutions in the US.

NetCHB has been helping its customers streamline and automate customs filing processes in the US for more than 15 years. The company’s cloud-based platform is used by more than 700 customs brokers to connect to the US Customs and Border Protection Automated Broker Interface to electronically execute both fiscal customs declarations and security filings. More recently, the company has built on its success with traditional customs filings to capitalize on changes in the regulatory filing framework for Section 321 Type 86 ecommerce shipments. Section 321 Type 86 is a voluntary filing initiative for low-value ecommerce goods that CBP introduced in 2019 to streamline border crossing.

“Section 321 Type 86 compliance is complex, but brokers and forwarders that take advantage of it can reduce the amount of time ecommerce packages are waiting for customs release,” said Ken Wood, EVP Product Management at Descartes. “NetCHB’s platform automates the declaration process for high volumes of ecommerce shipments and helps keep them moving quickly to consumers, helping some of the largest ecommerce customs brokers and forwarders process shipments in a compliant and efficient manner.”

“As the digitization of the logistics and supply chain industry picks up pace, we continue invest in complementary solutions that add depth and breadth to our Global Logistics Network,” said Edward J. Ryan, Descartes’ CEO. “NetCHB has a team of deep customs domain experts, scalable and robust technology solutions, and a large group of customers that will benefit from additional solutions available on the GLN to help them manage the lifecycle of shipments.”

NetCHB is headquartered in Arizona. Descartes acquired NetCHB for up-front cash consideration of $40 million, plus potential performance-based consideration. The maximum amount payable under the all-cash performance-based earn-out is $60.0 million, based on NetCHB achieving revenue-based targets over the first two years post-acquisition.

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Customs

KlearNow raises $50 million to alleviate global supply chain constraints

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KlearNow raises $50 million to alleviate global supply chain constraints. Image: KlearNow
KlearNow raises $50 million to alleviate global supply chain constraints. Image: KlearNow
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KlearNow, the smart Logistics as a Service pioneer founded in 2018, raised $50M in new capital to transform broken supply chains—simplifying and providing real-time cargo visibility to the customs clearance and drayage processes. KlearNow’s AI-powered platform eases the worldwide supply chain disruptions that have left businesses grappling with delays and shortages.

The Series B investment was led by Kayne Partners Fund, the growth private equity group of Kayne Anderson Capital Advisors, with continued participation from existing investors including GreatPoint Ventures, Argean Capital, and Autotech Ventures, plus new investment from Activate Capital.

Though the global logistics market value is $8.6T, it is a highly fragmented and archaic industry and one of the last to embrace technology and collaborative innovation. The global pandemic has further exacerbated supply chain bottlenecks, accelerating the need for digital transformation.

Investors were drawn to KlearNow’s platform as it eases import/export burdens by digitizing and streamlining complex paper-based logistics processes—reducing manual entry times and human errors. The platform takes the digitized data to power its customs clearance marketplace, providing an unprecedented level of real-time end-to-end visibility, collaboration, and cost savings for its customers.

Since its $16M Series A funding round led by GreatPoint Ventures in January 2020, KlearNow has grown exponentially, increasing its customer base tenfold and its monthly revenue run rate by more than 50 times. During this time, U.S.-based KlearNow has expanded into Canada, and launched its UK service in January 2021 to support UK and EU businesses operating in the post-Brexit landscape.

KlearNow recently added a drayage marketplace to its smart LaaS platform to support drayage companies facing planning and scheduling challenges and importers demanding extended visibility. With both customs clearance and drayage marketplaces, KlearNow provides a single view of multi-leg shipments from port of lading to the warehouse. The Series B investment strengthens KlearNow’s position as the go-to digital supply chain solution for businesses that trade across borders.

“This latest round of funding enables us to aggressively accelerate our technology development and deployment, geographical expansion, and talent investments, helping us transform supply chains that power commerce,” said Sam Tyagi, KlearNow Founder and CEO. “We are excited to have strategic partners and investors with deep knowledge in this space, and we believe that with their support, our technology can lead to a meaningful, sustainable impact on global supply chains.”

“The supply chain and logistics industry is primed for incredible disruption in the upcoming years, and continued investment in technology and tech-enabled infrastructure is a critical component of the solution,” said Nishita Cummings, Managing Partner and Co-Head of Growth Equity at Kayne Partners. “KlearNow is the leading technology partner in this space, with an advanced AI-based platform that removes friction in moving goods across borders in an easy, efficient, and cost-effective manner.”

Ashok Krishnamurthi, Managing Partner at GreatPoint Ventures, added, “We are more excited than ever to have partnered with KlearNow. Digitalization has become mission-critical for supply chain logistics. KlearNow provides tremendous value for the supply chain logistics ecosystem, demonstrated by the rapid adoption of its platform by importers, transporters, brokers, and freight forwarders. We are thrilled that KlearNow has continued to expand beyond real-time shipment visibility, offering new unified workflows. During the pandemic lockdowns when the world and companies needed work from home capabilities, KlearNow stepped up, unshackling employees from the office, scanners, and fax machines. With a smart digital solution, supply chain logistics teams were able to work remotely from home and leave the paper world behind. Visibility, productivity, and sustainability are a great combination.”

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A.P. Moller – Maersk completes the acquisition of KGH Customs Services

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A.P. Moller - Maersk completes the acquisition of KGH Customs Services. Image: Pixabay
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A.P. Moller – Maersk has finalised the acquisition of KGH Customs Services, a pan-European customs services provider, further strengthening its capabilities as an integrated container logistics company, offering end-to-end supply chain solutions to its global customers.

“I am very pleased that we can now officially welcome KGH into the Maersk family”, says Karsten Kildahl, Regional Managing Director of Maersk in Europe. “The integration process now begins, and we are very excited to start working together and start learning from one another.”

“The whole KGH team is looking forward to closely collaborating with our new Maersk colleagues on providing a range of different services within the transportation and logistics industry as one combined entity. Our enhanced product portfolio and geographical reach will enable us to serve our customers and their growing needs even better”, says Lars Börjesson, CEO of KGH Customs Services.

During the remainder of 2020, Maersk and KGH teams will work together on establishing a joint operating model and optimal structure to serve their customer base going forward. Customers will meanwhile continue to interact with their current contacts in both organisations and enjoy the usual level of service.

Lars Borjesson, CEO of KGH, will going forward lead the combined customs related activities of both KGH and Maersk in Europe.

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