JOC Exchange Announces Completion of First Transactions on Private Label Exchange e-Marketplaces for the Maritime Industry and a New Addition to the Executive Team
By Joc Exchange, PRNEWednesday, March 2, 2011
DENVER, March 4, 2011 - JOC Exchange (www.jocexchange.com) announces today that members of
both the carrier and NVOCC (Non-Vessel Operating Common Carrier) communities
have completed automated container slot sale transactions using their
customized Private Label Exchanges created using JOC Exchange's intelligent
online technology. The company's second product offering, the Carrier to
Market Exchange, is expected to launch this month.
The Carrier to Market Exchange is a participant neutral e-marketplace
allowing multiple ocean carriers to post available spot container slots and
pricing for sale to an invited community of purchasing NVOCCs.
Mark Storen, CEO of JOC Exchange, said:
"We are excited by the early adoption of JOC Exchange technology and
believe the substantial interest in our upcoming Carrier to Market Exchange
is tied to the growing importance of the spot market in the ocean
transportation sector."
JOC Exchange also announces today that Paul A. Windfield has joined the
company as a Senior Advisor who will focus on sales and business development
in the Asia Pacific region. Windfield brings over 30 years of executive
management in the maritime and logistics services industries. His experience
includes significant business creation having served as a founding member of
the board of directors of INTTRA, the senior representative in the Asia Pac
Region for Management Dynamics, Inc. (MDI), a board member for Summit Global
Logistics, and the Director responsible for global sales, marketing and
electronic commerce for P&O Nedlloyd Container Line. Windfield lives in
Sydney, Australia.
"Paul is a strong addition to our executive team with his extensive
industry knowledge and outstanding reputation," said Storen. "He will focus
on the development of our business in the Asia marketplace where there is
significant containerized freight growth, a heavy reliance on the spot
market, and an increasing desire for smart technologies that automate slot
procurement processes."
Both the Carrier to Market Exchange and individual Private Label
Exchanges support global trade lanes, are compliant with all relevant
maritime authority regulations, and feature user-friendly interfaces that
provide robust search and transaction management capabilities. All
transactions are conducted electronically, hosted securely and accessible
24/7.
JOC Exchange is headquartered in Denver, Colo. and will be opening
multiple offices in Europe and Asia in 2011.
About JOC Exchange
The JOC Exchange was founded by a dedicated team of industry and
technology veterans with a single purpose - to bring greater efficiency and
cost savings to the process of selling and buying containerized ocean freight
slots on a global basis. The company was acquired in October 2010 by UBM
Global Trade (ubmglobaltrade.com), the leading provider of comprehensive
proprietary data, news, analytical content and events for the global trade
and transportation market. For more information, visit www.jocexchange.com or
call toll-free 855-693-9242 (1+973-776-8643).
RELATED LINKS:
www.jocexchange.com www.ubm.com www.ubmglobaltrade.com
Janice Cain, JOC Exchange, jcain at jocexchange.com, +1-720-201-1085 or Ray Venturino, UBM Global Trade, rventurino at ubmglobaltrade.com, +1-973-776-8520
Tags: Colorado, Denver, Joc Exchange, March 4