Logistics.com(TM) to Provide Compaq Computer Corporation TransportationE-Procurement Solutions for All Modes of Transportation Worldwide
Logistics.com's Proven B2B Technology, the Digital Transportation Marketplace(TM), Chosen by Compaq to Streamline Its Procurement Needs Via the Internet
BURLINGTON, Mass., Nov. 27 /PRNewswire/ -- Logistics.com, Inc., the leader in online transportation procurement and management, today announced that Compaq Computer Corporation, one of the largest suppliers of computing systems in the world, has agreed to begin utilizing Logistics.com's full suite of transportation e-procurement capabilities. The first phase of this partnership spans global freight transportation for all modes of transportation -- air, ocean and land-based -- as well as strategic, tactical and spot market Internet-based procurement.
Logistics.com will leverage its Digital Transportation Marketplace(TM) (DTM(TM)), its B2B technology for online transportation procurement and management, to meet the needs of Compaq's global freight transportation network. Three key components of the DTM will be utilized; OptiBid-RFP(TM) will be used for strategic multi-attribute freight contracting, OptiBid-Online(TM) for tactical lane-level contracts, and QuoteShip Exchange(TM) for spot quote transactions. All three levels of procurement will be used to procure Compaq's domestic and international freight transportation.
"Compaq investigated all available global procurement solutions and found that Logistics.com offered the best and most comprehensive product solutions suite," said Thomas Day, director of Global Transportation, Compaq Computer Corporation. "Most impressive was its ability to procure freight globally and across all modes of transportation using all bidding platforms. This will result in substantial efficiencies and cost savings across our organization."
"Compaq is renowned for pushing the envelope of technology not only in its own products, but in every facet of its business operations," said Yossi Sheffi, CEO of Logistics.com. "This philosophy was one of the contributing factors in Compaq's decision to use Logistics.com's total procurement solution to distribute its products globally. Our partnership solidifies the leadership position of Logistics.com in the global transportation procurement arena."
The partnership between the two companies, which is effective immediately, will initiate the drive by Compaq and its selected transportation providers to increase operating efficiencies. A strategic ocean freight transportation bid using OptiBid-RFP is the first deliverable of the relationship.
Shortly after its launch in May 2000, the DTM has already completed successful freight transportation bidding operations with a number of the nation's leading shippers and carriers. "The DTM is proven, with real transactions and real dollars flowing through it," said Gregg Borgeson, president of Logistics.com. "That was clearly attractive to Compaq."
Technology solutions powered by Compaq are an integral part of Logistics.com's innovative infrastructure. To increase database storage and tracking capabilities, Logistics.com purchased Compaq ProLiant servers in January, 2000 to support its business critical services. "While Logistics.com is very much a strategic enabler helping Compaq operate more efficiently, they are also a customer who values our products and services," said Day.
About Compaq
Compaq Computer Corporation, a Fortune Global 100 company, is one of the largest suppliers of computing systems in the world. Compaq designs, develops, manufactures, and markets hardware, software, solutions, and services, including industry-leading enterprise computing solutions, fault-tolerant business-critical solutions, and communications products, commercial desktop and portable products, and consumer PCs.
Compaq products and services are sold in more than 200 countries directly to businesses, through a network of authorized Compaq marketing partners, and directly to businesses and consumers through Compaq's e-commerce Web site at compaq.com . Compaq markets its products and services primarily to customers from the business, home, government, and education sectors. Customer support and information about Compaq and its products and services are available at compaq.com .
About Logistics.com
As a result of the June 2000 merger with QuoteShip.com(TM), Logistics.com has evolved into the industry's first comprehensive, Web-enabled transportation solution provider serving shippers, carriers and third parties worldwide over land, air and ocean. In its combined history, the company has facilitated the procurement of more than $6 billion worth of transportation services. Based in Burlington, Mass., the company has received funding, strategic guidance and operational support from Internet Capital Group (Nasdaq: ICGE), an Internet company actively engaged in business-to-business e-commerce. Forbes recently named Logistics.com as one of the most promising B2B companies in its "Best of the Web: B2B" edition, and Internet Week recently named the company to the InternetWeek 100.
SOURCE Logistics.com
CO: Logistics.com; Compaq Computer Corporation
ST: Massachusetts
IN: CPR TRN
SU: CON
11/27/2000 08:01 EST prnewswire.com |
