ShipXpress Launches Physical Trading Portal for Ethanol Industry with Green Plains Trade Group LLC

Jacksonville Beach, FL (November 2010) – ShipXpress has developed a web-based physical trading portal to address the need for streamlined, real-time collaboration between industry partners. ShipXpress’s customers account for 30% of US ethanol volume. The Physical Trading Portal, launched today for the ethanol industry, has already resulted in improved processes and productivity gains. It reflects ShipXpress’s philosophy of facilitating collaboration between trading partners, the common theme across all of its applications. Green Plains Trade Group LLC of Omaha, Nebraska is the initial adopter of this leading technology. The portal is built from the ground up based on Web 2.0 technologies to make the user experience intuitive and efficient. ShipXpress’s unique portal was specially designed for multi-enterprise collaboration. Contract terms, nominations, and order status are shared and agreed upon in real-time between all authorized parties through secure access, thus avoiding miscommunications and eliminating multiple emails and phone calls. It also interfaces with plants, terminals and with internal applications like ERP, accounting, and ETRMS. The portal also allows users to collaborate within the enterprise, resulting in improved shipment planning, freight rates management, truck tendering, ratability and position reporting, logistics planning, freight accrual, and freight payment processing. ShipXpress CEO Charith Perera stated; “We are pleased with the overwhelmingly positive response to this physical trading portal for the ethanol industry, which will dramatically improve intra & inter-company collaboration. We are grateful to our customers for their insights into process improvement possibilities. We are especially grateful to Green Plains Trade Group for their invaluable contribution in fine-tuning this portal for the ethanol industry, and we look forward to working with thought leaders in other industries.”

Steve Bleyl, EVP of Ethanol Marketing for Green Plains Trade Group said; “We have been a customer of ShipXpress for the past year and are pleased to work with them on the development of this portal. After our initial use of the product, we are already realizing benefits with more efficient transaction processing and better transparency with our customers. We look forward to extending the portal to our trading partners, allowing them to interact with us in an effective and timely manner. ShipXpress demonstrated their commitment to the project with developing this portal from concept to implementation in less than six months.”

About Green Plains Trade Group

Green Plains Trade Group is a wholly-owned subsidiary of Green Plains Renewable Energy, Inc., North America's fourth largest ethanol producer, operating a total of eight ethanol plants in Indiana, Iowa, Michigan, Nebraska, and Tennessee with annual expected operating capacity totaling approximately 657 million gallons. Green Plains Trade Group also markets and distributes ethanol for four third-party ethanol producers with annual expected operating capacity totaling approximately 360 million gallons.

About ShipXpress

ShipXpress is the premier provider of web-based software and service solutions that make it easy for commodities businesses to operate efficiently and collaborate with their supply chain partners. Many of the Fortune 500 and leading producers and traders of agricultural products, chemicals, ethanol, metals, and building products - depend on ShipXpress to deliver collaborative supply chain solutions. The ShipX® suite of logistics applications includes the physical commodities trading portal, contract management, fleet management, freight rate management, electronic bill of lading, detention, repairs, accounting and auditing services for traders, shippers, receivers and freight carriers. Visit our website at www.ShipXpress.com.

ShipXpress's subsidiary RailSync LLC provides end to end software and service solutions for management and operation of shortline and regional railroads.

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