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Cogoport signs up Concor for factory-to-ship freight solution

Purnendu Shekhar, founder and CEO of Cogoport Purnendu Shekhar, founder and CEO of Cogoport

A new agreement between digital freight platform Cogoport and Indian rail haulage service provider Concor is enabling Indian exporters and importers to book rail freight and ocean carriage in one place.

{mprestriction ids="1,2"}The agreement will allow shippers to organise transport from inland factories to ship and onward to various locations worldwide with the click of a button.

Cogoport already provides a single online booking platform that connects 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 per cent 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 per cent 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. It’s a significant advance for businesses sited a long way from the sea, who can now plan logistics more easily and still take advantage of the 10-15 per cent cost savings we typically generate on ocean carriage bookings,” said Purnendu Shekhar, founder and CEO of Cogoport.

Launched in 2017, the Cogoport digital logistics marketplace has been growing at 25 per cent per month by removing the traditional, lengthy and cumbersome offline quotation and booking process. It uses ground-breaking technology, algorithms and analytics to enable its users to move freight more efficiently – with a choice of providers on port pairs, dedicated back-end booking confirmation and seamless shipment tracking.

The platform has signed up more than 26,000 users to date 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.{/mprestriction}

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