Vastera, Inc, the provider of solutions for global trade management will be assuming responsibility for Ford Motor Company’s global trade operations in
“Vastera continues to drive substantial operational efficiencies within our global supply chain,” says Roman Krygier, group vice-president, manufacturing and quality for Ford. “Since taking over our North American trade operations, Vastera has reduced our duties and brokerage costs significantly. We look forward to comparable hard-dollar savings and continued excellent service in Europe as Vastera assumes responsibility for our European trade operations.”
Vastera began managing Ford’s US global trade operations in September 2000. Following its success in the US, Vastera assumed responsibility for Ford’s Mexican global trade operations in February 2001, and then Ford’s Canadian global trade operations a month later. This most recent European expansion with Ford has enabled Vastera to further establish its automotive global trade platform.
In conjunction with the European announcement and as a validation of the strength of the Ford/Vastera partnership in North America, Ford has agreed to extend its current agreement for the US and Mexico operations. Also, Ford and Vastera have reached agreement on the transition of Ford’s operation to Vastera’s software platform.
Over the past two years, Vastera has created an unrivalled automotive platform for global trade managed services.