This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Lufthansa Cargo Selects IBS' Next Generation Cargo Management Solution

TRIVANDRUM, India, November 22, 2012 /PRNewswire/ --

  • iCargo to be deployed globally across 100 stations with over 4,000 users

Leading IT solutions provider to the global aviation industry, IBS Software, has entered into a contract with Lufthansa Cargo AG (LCAG), the airline cargo service provider in the Lufthansa Group, for the implementation of iCargo solution. The solution will manage the airlines' entire air cargo movement worldwide.  IBS was selected from among 400 solution providers after an intense selection process that commenced 18 months ago. The contract is one of the largest IT system deals by Lufthansa Group. IBS' new generation iCargo system will replace the legacy Unisys based MOSAIK application which Lufthansa used for the past 30 years. Once implemented, iCargo will have a user base of over 4,000 staff members and will interface seamlessly with a host of other system applications within the IT landscape of the airline. Lufthansa Systems will provide comprehensive consulting services during and after the implementation phase. The provider will also host the solution at its own data center in Kelsterbach near Frankfurt and will ensure compatibility with the remaining IT landscape of Lufthansa Cargo. IBM is in charge of the system integration. iCargo will manage the key business functions of the airline - from sales processes up to the cargo terminal operations functions. The real time availability of operational information through iCargo will help generate actionable intelligence which will vastly improve the overall utilization of assets and improve revenue generation and operational efficiencies.

     (Logo: http://photos.prnewswire.com/prnh/20121122/577929 )

iCargo is an integrated solution that supports the requirements of airlines' freight business providing enhanced web-enabled features that optimize operations, enhance profitability and provide scalability. The solution helps manage the increasing volumes of cargo movement requirements of freighters, ground handling agents as well as airports. Over 20 global airlines depend on iCargo to manage their mission critical cargo logistics including leaders like All Nippon Airways, British Airways, Qantas, South African Airways and Nippon Cargo Airlines. Since its launch in 2006, iCargo has emerged as the most definitive cargo management IT solutions in the global aviation industry. Today, over 70% of the cargo movement in and out of Australia is managed by iCargo. The solution is the industry leader in Japan as well and is the only non-Japanese system that has full NACCS (Japanese customs) capability and know-how. Fully compliant with IATA initiatives such as Cargo 2000 and e-Freight, the solution fetched IBS the 'IT Provider of the Year 2012' award instituted by Pay Load Asia, Singapore.

"The thorough selection process testifies IBS has a great product, the utmost comprehensive solution, a benchmark setting ROI and has been assessed as the best choice for our initiative. The clear differentiator is the state of the art architecture / technology as well as the skilled employees. Furthermore iCargo is unique in offering consistent process support with its single platform ranging from Sales processes to Handling as well as ULD Management and up to Revenue Accounting. This mix of strengths has clearly convinced us. The decision is perceived as a major milestone towards materializing and enabling our joint visions," said Dr. Roland Schütz, CIO of Lufthansa Cargo AG.

"To be chosen by an iconic airline like Lufthansa is a significant step in our endeavor to make iCargo the No.1 air cargo management solution in the world. We expect to add substantial business value to LCAG and be a transformational partner in their quest to achieve increased operational efficiencies and growth. This alliance is a testimony to our capability, professionalism and commitment to support the requirements of global organizations such as LCAG renowned for its disciplined business practices. It is indeed a defining moment for IBS and heralds the beginning of a long and productive business relationship," said VK Mathews, Executive Chairman, The IBS Group.

About Lufthansa Cargo AG

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs