Shanghai Pilot Free Trade Zone “TradeNexus” has turned to SITA and CHAMP Cargosystems to help digitalize the tracking of shipment and capital flows of enterprises registered at the Shanghai Waigaoqiao Free Trade Zone.

Shanghai Pilot Free Trade Zone, part of the Shanghai Pudong District Government, focuses on free trade development and construction in the Chinese city. CHAMP said the FTZ was mandated by the Shanghai municipal government to set up a cargo tracking service platform to track shipping information of offshore trade transactions.

CHAMP Cargosystems’ Traxon Premium Tracking solution will replace the dated process of requesting physical air waybills and enable all parties involved to have a single data-sharing point, reducing the overhead of bilateral tracking.

The new system will revolutionize this process by automatically filing and verifying air waybills and transactions to the relevant municipal and central government authorities. It expects automation will ensure good governance and compliance with regulations, including smooth transportation.

“In the past few years, we have seen the true benefits of digitalizing transactional processes such as tracking shipments and associate capital flows deliver more efficiency, speed, and security in the exchange of data. With Shanghai Waigaoqiao we are pleased to bring these benefits to China and the wider trade sector,” said Sumesh Patel, SITA president for Asia Pacific.

“We are thrilled to support Shanghai Waigaoqiao in its effort in automating its shipment checking process. This will help save time accessing shipment records and capital flow transactions,” added Nicholas Xenocostas, commercial chief at CHAMP Cargosystems.

CHAMP Cargosystems is a wholly owned subsidiary of SITA and is one of the leading suppliers of integrated IT solutions to the air freight community. It has been providing a wide range of innovative services across all segments of the air cargo supply chain for over 30 years.