Three international freight companies have signed up to manage their cargo rates using the International Air Transport Association (IATA) Net Rates distribution platform.
DB Schenker, Agility Logistics and Hellmann Worldwide Logistics have agreed to use the program, which has been developed by the industry to help airlines and general sales agents streamline the distribution of all their cargo rates.
Hosted under the TACT (The Air Cargo Tariff) umbrella, the platform also provides freight forwarders with access to a one-stop-shop for all their air cargo rates needs.
This will reduce manual effort and increase volume and data quality tremendously
“IATA Net Rates fits perfectly within the vision and mission of IATA to develop standards, remove the paper with technology that brings efficiency to the industry and engage with all parties to join,” said Frederic Leger, IATA’s Director, Airport, Passenger, Cargo and Security.
IATA Net Rates work closely with key industry groups for the development of API standards and the integration of the solution with other IATA standards such as ONE Record and Cargo XML.
DB Schenker’s Head of Global Data & Contact Management Air/Ocean Sven Heinemann said the tool will enable the German logistics operator to make its carrier rate automatically available in its internal rate management system.
“This will reduce manual effort and increase volume and data quality tremendously,” Heinemann said. “We need all major airlines to participate in the program to enable full automated end-to-end connectivity.”
More than 95 airlines contribute their tariffs and rules to IATA, with 300 additional sources providing rules and regulations applicable to air cargo.