Lucent Expands with Vastera

Extends global trade management services agreement to include Canada, Mexico

Dulles, VA — May 30, 2003 — Lucent Technologies has signed a multi-year expansion agreement with global trade management (GTM) specialist Vastera to include managing the company's trade operations in Canada and Mexico.

Vastera has been managing Lucent's trade operations in the United States since 2001. In 2002, this agreement was expanded to cover its European trade operations. Today, Vastera is managing Lucent's trade operations in the United States, Europe, Mexico and Canada.

Through its Managed Services offering, Vastera says it helps to ensure trade compliance and to create additional efficiencies throughout Lucent's import and export operations.

"Our motivation for investing in Vastera's Managed Service offering has always been quality of service, efficiencies throughout our global supply chain and reduction in costs and cycle times," said Greg Johnston, director of global logistics for Lucent. "By extending our relationship with Vastera, we look forward to driving even more efficiencies throughout our trade operations as we expand our reach around the world."

For additional information on how Lucent has been working to streamline its supply and demand chain, see the following articles:

For more information on transportation management systems, see the Global Enabled Supply and Demand Chain Series article on this space in the upcoming June/July 2003 issue of iSource Business.

For more information on how companies are using global trade management solutions to meet the new challenges of supply chain security, see the Net Best Thing article in the upcoming June/July 2003 issue of iSource Business.