From November 19th, 2001

P&O Nedlloyd Selects Celarix Rate Explorer for
Tariff and Contract Automation

CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Celarix, Inc., the leading provider of collaborative logistics and transportation solutions for global shippers and carriers, today announced that P&O Nedlloyd has licensed Celarix Rate Explorer to automate the contract, tariff and pricing activities on the carrier's North American routes. Under this agreement, Celarix will host the Rate Explorer solution to perform all tariff and contract publishing activities. P&O Nedlloyd represents the seventh major shipping line that has licensed Rate Explorer in 2001, clearly underscoring Celarix' market momentum and leadership.

"Celarix has an impressive and proven solution to 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, every time, improves customer satisfaction and ultimately our cash collection cycles with the added internal benefit of higher productivity for our staff.''

Celarix Rate Explorer is a robust, function-rich solution that can handle the significant 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 facilitate 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, executive vice president & general manager for Celarix. ``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 with fewer billing issues, accurate rating and faster response to their inquiries with a solution that pays for itself through productivity gains.''

Over the past eight years, Rate Explorer has become a leading Web-based solution for tariff and service contract automation. Rate Explorer provides tools to support calculable service contracts, including bid management, rate analysis, auto-ratings of bookings and bills-of-lading, and integration with enterprise systems. The system handles everything from the simplest deals to the largest and most active service contracts to ensure 100 percent freight accuracy. Rate Explorer eliminates the excessive use and waste of paper and significantly speeds the service contract negotiation process.

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.

About Celarix

Based in Cambridge, Mass., Celarix, Inc. (www.celarix.com) is the leading provider of collaborative logistics and transportation solutions for both carriers and shippers. For the largest ocean carriers in the world, Celarix is the market leader for price and tariff management solutions that improve customer service, accelerate cash collection cycles and improve freight rating productivity through calculable service contracts. For Global 2000 shippers, Celarix provides Web-based supply chain solutions, powered by an integrated network of global supply chain participants that extend beyond the ``four walls'' of an enterprise. This combination of an integrated network and applications for global supply chain visibility, event management and supply chain performance management and improvement, are delivered as a service, in as little as 12 to 16 weeks. As a result, companies quickly realize new supply chain performance improvements through faster cycle times, lower inventory costs and more predictable delivery.