The synergies are very good for both of the companies. Until now, we have concentrated on building a critical mass of major companies in Hong Kong to participate in Cargonet. We have achieved that and now we are looking at adding the spokes, the smaller companies and also looking to southern China. Craig says his goals go beyond developing a paperless trading environment in the south China region, adding that the market demands a neutral real-time logistics system for the cargo industry. This will mean cargo can be booked via the system and there will be a tracing and tracking capability.
Most large companies have their own systems in place already.
In particular, the freight forwarding community can benefit from the system, as we have made access relatively cheap and the technology is compatible with a very basic personal computer. The real benefit for freight forwarders is that they will only have to pay for the subscription and the time they use the system, rather than having to invest in their own system, the company's managing director said.