An underlying concept of the Trade Data Exchange is for an information technology-enabled platform to connect disparate participants across the entire expanded logistics supply chain. This connectedness will allow the sharing of rules of operation between the logistics participants, which will provide consistency and ease of doing business and thereby create significant value for its users.
The technology solution provides seamless real-time monitoring of shipments — tracking shipments throughout the supply chain from purchase order to delivery. The technology offers the following supply chain services:
About the Technology
The TDE technology is a cargo data risk management clearinghouse software that connects shippers, importers/exporters, carriers, freight forwarders, brokers, financial institutions and governments along the supply chain. It is a shared logistics data solution implemented across all transportation modes, all industries and all trade participants. It is endorsed by the US Department of Transportation and other Federal agencies. TDE complements the Electronic Freight Management (EFM) initiative, a USDOT-sponsored project that applies Web technologies that improve data and message transmissions between supply chain partners.
Leveraging a private network and user-friendly Web-based interface, the technology enables shipment data to be entered only once and used many times, thereby reducing the potential for mistakes and eliminating the need to contact multiple carriers or track shipments on multiple Web sites. Leaders envision hundreds, possibly thousands of data points exchanging in this manner on a global basis.