INTTRA (www.inttra.com), the leading provider of B2B ocean freight services, announced that Kuehne & Nagel International AG (www.kuehne-nagel.com), one of the world's leading logistics groups has invested in INTTRA. Kuehne & Nagel joins other investors, including ocean carriers CMA CGM, Hamburg Süd, Hapag-Lloyd, Maersk Sealand, MSC Mediterranean Shipping Company S.A., and P&O Nedlloyd, which have collectively backed INTTRA.Kuehne & Nagel is the first freight forwarding and logistics company to invest in INTTRA. The amount of Kuehne & Nagel's stake in INTTRA is undisclosed.

Kuehne & Nagel recently selected INTTRA as its Web-based ocean-going transportation portal for its full container load shipments (See Transportando.net August 25, 2001). INTTRA offers one link to many carriers, providing forwarders and shippers with one-stop Internet-based services. INTTRA's Web-based portal enables shippers, freight forwarders, third party logistics providers, brokers, importers and industry portals to manage the booking and tracking of cargo across multiple shipping lines in a single integrated process.

About INTTRA

Founded in April 2000 and financially sponsored by a group of leading global carriers and logistics providers (CMA CGM, Hamburg Süd, Hapag-Lloyd, Kuehne & Nagel International AG, Maersk Sealand, MSC Mediterranean Shipping Company S.A., P&O Nedlloyd), INTTRA's mission is to drive efficiencies into the ocean transportation industry by streamlining and standardizing traditionally inefficient processes. INTTRA enables shippers, freight forwarders, third party logistics providers, brokers, importers and industry portals to manage the booking and tracking of cargo across multiple shipping lines in a single integrated process.

With headquarters in Parsippany, NJ U.S.A., and offices in Copenhagen, Denmark, and Hong Kong, China, INTTRA's Web-based portal meets today's demand for simplicity, transparency, neutrality, and confidentiality across the global supply chain, and is designed to deliver connectivity by establishing global shipping standards.