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CARGORESERVATIONS.COM BEGINS AIR EXCHANGE

CARGORESERVATIONS.COM BEGINS AIR EXCHANGE

   CargoReservations.com, a subsidiary of Zulunet Inc., an online facilitator based in Orlando, Fla., has launched a new B2B exchange for booking air freight.

   The company’s ZuluForum instant messaging tool offers real-time communication in contracting cargo and tracking flights.

   “Everything so far has been a bulletin board,” said Ian Craig, chief operating officer of Zulunet.net. “This is the B2B everyone’s been pointing to. We have created seamless, end-to-end platforms.”

   Equity investors in Cargo Reservations.com include Massachusetts Mutual Life Insurance Co. and Capital Cargo International Holdings.