INTTRA, the carrier-owned portal for ocean-freight bookings, is getting a fresh capital infusion that will enable it to develop new electronic commerce services for new markets. ABS Capital Partners has invested $30 million in INTTRA and is taking a majority stake in it. INTTRA will use these funds to further develop its platform for electronic invoicing and to roll out a new product that will enable shippers to make bookings and instructions with non-vessel-operating common carriers. In 2009 INTTRA, on which shippers can make electronic bookings for their cargo with 19 carriers, had a record year, with container transactions growing to 14.1 million container orders, supported by a 34 percent annual growth in network connections.
