EAST RUTHERFORD, NJ, October 1, 2001, Management Dynamics, Inc., a leading provider of contract management solutions for global shippers and ocean carriers, today announced that P&O Nedlloyd has licensed Management Dynamics' Rate Explorer to automate the contract, tariff and pricing activities of the carrier's North American Trade Group. Under this agreement, Management Dynamics will perform all tariff and contract publishing activities as well as host the Rate Explorer solution. P&O Nedlloyd represents the seventh major shipping line that has licensed Rate Explorer in 2001, clearly underscoring Management Dynamics' market momentum and leadership.
 
"Management Dynamics has the only proven solution that can manage the complexities of our pricing activities and produce calculable service contracts for our customers", said Michael J White, Executive Vice President of P&O Nedlloyd, "Accurately rating the bill-of-lading, the first time, improves customer satisfaction and ultimately our cash collection cycles with the added internal benefit of higher productivity for our staff."

P&O Nedlloyd has over 70 established trade lanes serving 120 countries worldwide and a fleet of 146 owned and chartered vessels representing 700,000 TEUs. Rate Explorer is a robust, function-rich solution that can handle the scale and scope of P&O Nedlloyd's contract and tariff management needs. The solution will be used to retrieve rates in rate tariffs and calculable service contracts, publish and file tariffs and calculable service contracts, manage the price quotation process, and integrate with a carrier's' liner management systems for auto-rating of bookings and bills-of-lading.

 "We are extremely pleased to have P&O Nedlloyd, the world's second largest carrier, as our customer," said John Preuninger, President of Management Dynamics. "Rate Explorer will allow P&O Nedlloyd to realize a new level of customer service -- and competitiveness -- through calculable service contracts. Now customers will enjoy better service levels through accurate rating, fewer billing issues, and faster response to their inquiries with a solution that pays for itself through productivity gains."

About P&O Nedlloyd
P&O Nedlloyd is the second largest container carrier in the world, with routes connecting all parts of the globe and a yearly turnover of around US$4.5 billion. P&O Nedlloyd has over 70 established trade lanes and provides connections to more than 250 main ports serving 120 countries worldwide with a fleet of 146 owned and chartered vessels representing 700,000 TEUs. These elements, combined with well-developed feeder lines, extensive inland transport capabilities and first-rate port facilities, distinguish P&O Nedlloyd as the premier global shipping line and international logistics provider.

Copyright 2002 - 2006 Management Dynamics, Inc. All Rights Reserved