With a wallet full of fresh investment capital from ABS Capital Partners, INTTRA is expanding its e-commerce booking services into East Asia with the opening of a new development center in China and a new office in Japan. The company, in which ABS invested $30 million in February to take a majority share from its carrier owners, has also announced further expansion of its global development and service center in Singapore.
Formed by ocean carriers in 2000 to create efficiencies by enabling shippers to book their cargo electronically, INTTRA has been a consortium wholly owned by carriers and operated for the benefit of carriers until ABS made its investment.