Tradiant Becomes GT Nexus, Launches Integrated Products and Services

Tradiant, the leading provider of Internet technology for the global transportation industry, is now GT Nexus.

GT Nexus brings together a technology leader and some of the world's largest ocean carriers in a unique partnership. Formerly code-named GTN, the partnership is dedicated to simplifying and standardizing the complex processes of global transportation. Today, GT Nexus launches its solutions connecting customers with all partner carriers.

"The new name was chosen to emphasize the global nature of our business and the connections we build to link partners across the industry, securely and confidentially," said Aaron Sasson, Chairman and CEO of GT Nexus.

In other news, three additional carriers -- Crowley Liner Services, CSAV and Wan Hai -- have joined the nine announced in December 2000, collectively providing access to over a quarter of the global ocean container market through GT Nexus. The nine carriers announced earlier are APL, CP Ships, Hanjin, Hyundai, K Line, Mitsui O.S.K. Lines, Senator Lines, Yang Ming and Zim Israel Navigation Company. The carriers collectively own a minority equity stake in GT Nexus.

"Customers want simpler ways to do business with their service providers," said the carriers. "GT Nexus brings together a winning combination of leading technology and broad industry commitment to address this primary customer need. The addition of three new carrier partners in about as many months reflects the growing momentum behind this initiative from the carrier community."

ITOCHU Corporation, a Fortune Global 10 company, announced separately today their deployment of GT Nexus planning solutions through a pilot program within ITOCHU Express, their American subsidiary.