Logistics.com is now 97% owned by ICGE so their cash flow and earnings are ICGE's and reported as such on Q...........Monday, April 1, 2002, 3:48 PM ET.
Quaker Foods Slashes Transportation Costs
By Richard Karpinski
Pepsico's Quaker Foods and Beverages said Monday it has cut as much as 8 percent off annual transportation costs with the help of an e-procurement system from Logistics.com.
It was Quaker's fourth time using Logistics.com for help in negotiating its annual transportation contracts. The company said it has saved between 4 percent and 8 percent over the past five years with Logistics.com's help.
In this engagement, Quaker deployed Logistics.com's OptiBid platform, to negotiate contracts for truckload and intermodal capacity.
The OptiBid process analyzes historical shipment volumes, creates online bid requests, invites selected carriers to bid on the freight, and analyzes the bid responses. Using optimization tools, the platform can also develop optimal routing guides to move the most goods in the fewest trips.
Using the tool, Quaker was able to procure more than $7 billion of transportation service contracts, resulting in more than $480 million in documented savings, the company said.Partial client list:Advanced Drainage Systems Inc.
American Freightways Inc.
Anderson Trucking
Armstrong World Industries
Averitt Express, Inc.
Averitt Truckload
Big Freight Systems
Boyd Brothers Trucking
Bridgestone/Firestone, Inc.
Celadon Trucking Services, Inc.
Central Freight Lines, Inc.
Challenger Motor Freight, Inc.
Colgate-Palmolive Company
Compaq Computer Corporation
Comtrak
Daiichi Freight System, Inc.
Dart Transit
Estes Express Lines
Forward Air Corporation
Frederick Thompson, Inc.
G.I. Trucking Company, Inc.
Gainey Corporation
Gordon Trucking, Inc.
Graphic Packaging Corporation
H&R Transport
Hannaford Brothers Company
HE Butt Grocery Company
Highland Transport
Hogan Transports, Inc.
Hub Group
International Paper Company
J.R. Schugel Trucking, Inc.
Kmart Corporation
Lakeville Motor Express, Inc.
Marten Transport, Ltd.
M.S. Carriers, Inc.
Menlo Logistics
Motor Cargo Industries, Inc.
New England Motor Freight, Inc.
Overnite Transportation Company, Inc.
Parkway Transport
Paschall Truck Lines, Inc.
PPG Industries, Inc.
Prime, Inc.
Quality Carriers
Saia Motor Freight Lines, Inc.
Schenker/BTL
Sitton Motor Lines, Inc.
Southeastern Freight Lines, Inc.
Staples, Inc.
Stevens Transport, Inc.
Sunbury Transport, Ltd.
Super Service Trucking
Superior Carriers, Inc.
Target Corporation
The Clorox Company, Inc.
The Quaker Oats Company
TMC Transportation, Inc.
TransAm Trucking, Inc.
Transport Corporation of America, Inc.
TRISM, Inc.
USA Truck, Inc.
Vitran Express, Inc.
Wal-Mart Stores, Inc.
Watkins Motor Lines, Inc.
Wise Alloys, LLC
XTL Transport, Inc. |
