NEWS\\\


Shipping, logistics and transport portal GT Nexus is to merge with TradeCard, which provides Cloud- based financial supply chain and production visibility solutions for retailers and consumers. The two partners say that they


will create a global network of over 20,000 businesses in every major industry and will manage over $100 billion-worth of trade - the world’s biggest cloud information utility. Both firms aim to help


companies better manage physical and financial supply chain processes on a global scale


Aaron Sasson


Firms flock to green group


Green Freight Europe (GFE),


the independent, voluntary programme to improve European road transport’s environmental performance, attracted over 100


companies the Continent at


from across its first open


day on 4 December at shippers’ organisation EVO in Zoetermeer in the Netherlands. During the day, representatives


were updated on progress since the initiative was launched in March this year and looked ahead to the challenges facing GFE in 2013. So far this year, over 70 leading


European operating companies, both shippers and logistics service providers, have joined GFE and the number continues to grow,


it says. In the Dutch market, GFE members already represent 10% of the flow of goods by road and, together with the participating shippers, the initiative accounts for about 20% of goods by road in the Netherlands. Future


challenges for GFE


include setting up a “one-stop shop” for companies to sign in to monitor and reduce CO2 in road transport and co-operation is being sought with other programmes and initiatives such as Lean & Green. More smaller companies should also be encouraged to take part in the initiative. Free participation must break the threshold for smaller companies, while larger members should encourage them to join.


EU drops aviation emissions plan


EU Climate Action Commissioner


Connie


Hedegaard said on 12 November that it had suspended plans to include international aviation in the EU Emissions Trading Scheme (ETS). Brussels would instead allow the International Civil Aviation Organization (ICAO) to develop a global solution for managing aviation carbon emissions. The ETS scheme has run into


considerable opposition outside Europe and, the following day, on 13 November, the US House of Representatives passed a bill to prevent US airlines from participating in the scheme.


The International Air Cargo


Association (TIACA) described the EU Commissioner’s move as “very welcome and pragmatic”. It


showed, said TIACA


chairman Michael Steen, that governments, regulators and industry now recognised the importance of collaboration on key issues such as security and the environment. TIACA’s


view had always


been that the EU should work with ICAO to realize sustainable aviation initiatives, which had been recognised by the Kyoto Protocol as having the authority to set


international aviation’s greenhouse gas policy.


involving thousands of trading partners. TradeCard CEO, Sean Feeney, said: “Both companies share a common


technology


vision that networked platforms, delivered in the Cloud, is the path forward for companies that source and sell goods globally. The strengths of each company are highly complementary and will offer customers a complete


solution, covering the entire supply chain,


from sourcing


of goods to final delivery and payment.” Aaron Sasson, CEO of GT


Nexus described the move as “a true merger of equals. Together, we offer a single cloud network for enabling business processes across global trade networks—an enormous and still untapped


Issue 1 2013


17 GT Nexus to merge with Cloud computing firm


opportunity for the vast majority of companies who have been struggling to take their businesses to the next level with complicated ERP systems.” The company will be


headquartered in Oakland, California with a network of regional offices around the world. TradeCard CEO Sean Feeney will be CEO of the merged company,


GT Nexus CEO Aaron Sasson will be chairman of the board, with TradeCard founder Kurt Cavano as vice chairman. Specifics about the company name and leadership structure will be announced when the transaction is finalized. The merger is subject to


customary antitrust clearance and is expected to be completed in early 2013.


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