ICG Commerce Earns Recognition For Transportation Sourcing Leadership and Adds Ongoing Transportation Management Capabilities
Tuesday, June 07, 2005
Addition of Category Management Services and Technology Further Ability to Maximize Transportation Cost Savings and Drive Greater Service Levels from Logistics Providers PHILADELPHIA - Tuesday, June 07, 2005
- ICG Commerce, a leading procurement services provider, today announced it has earned recognition as a leader in the area of transportation sourcing by delivering significant value to leading companies and has expanded its transportation and logistics
procurement offering with enhanced category management services and technology. These additional services are aimed at helping customers obtain greater cost reductions and continuous service improvements with their logistics operations.
"With the new transportation regulations, traceability concerns, compliance issues and integration needs, there is increased pressure on our customers' supply chains," said Paul Svindland, director of ICG Commerce's transportation and logistics program. "As a result they are being forced to examine their logistics strategies to ensure they are achieving optimal results. By combining deep category expertise with sophisticated technology, we are able to help our customers link strategic sourcing and logistics execution to improve their business processes, accelerate return-on-investment and ultimately realize significant savings."
Deep Domain Expertise, Best Practices and Demonstrated Value
Through its team of transportation and logistics experts who leverage sophisticated technology to drive a rigorous strategic sourcing
process, ICG Commerce sourced over $2 billion in logistics spend with more than 10 percent average cost savings in the last three years. Some of the company's key sourcing successes to date include helping a leading aluminum manufacturer obtain 20 percent cost savings on $11.4 million in truckload transportation spend; reducing a leading pharmaceutical company's overall LTL costs by 22 percent; enabling a specialty retail shop to save 33 percent on its small parcel expenses; and generating eight percent cost savings on more than $90 million in ocean freight sourcing for a leading manufacturing company.
ICG Commerce helps its customers reduce costs across all modes of transport including truckload, LTL, small parcel, freight forwarding, 3PL, and ocean. In addition, the company also helps its customers generate savings from areas outside of the traditional modes, such as ocean vessel management, private fleet assessment and network optimization.
ICG Commerce Recognized as a Top Logistics Provider
ICG Commerce's transportation and logistics
capabilities were recently recognized by Inbound Logistics magazine. Felecia Stratton, editor of Inbound Logistics, commented, "ICG Commerce made our 2005 Top 100 Logistics IT Providers list because of its comprehensive sourcing capabilities and leadership in expanding their solutions. The companies chosen reflect leadership by answering our readers' need for simplicity, ROI, and efficient implementation. Inbound Logistics magazine is proud to recognize ICG Commerce for leading the way in 2005."
ICG Commerce Offers Transportation Management Services and Technology
While strategic sourcing is the foundation of cost reduction, additional steps are required to maximize savings. As such, ICG Commerce has enhanced its offering to provide a complete suite of transportation management services to include the implementation of new carriers, transaction automation, and ongoing management of the transportation buying category. Through this unique combination of proven processes and experience, ICG Commerce is able to drive value across an organization's entire logistics network.
Building upon its experience sourcing transportation and logistics for over 60 global customers, ICG Commerce recently established a strategic partnership with BestTransport, the leading provider of on demand Transportation Management Systems (TMS), to extend its reach to over 3,000 shippers and carriers in the BestTransport network. Through the terms of the partnership, ICG Commerce utilizes BestTransport's best-of-breed TMS to go beyond sourcing and help its customers control freight costs, increase staff productivity and improve delivery service levels. As a result, ICG Commerce is able to offer full-service transportation management to help customers who do not have the requisite TMS solution to accelerate savings initiatives.
"Partnering with ICG Commerce is a real win for our mutual clients," said Mark Shary, CEO of BestTransport. "ICG Commerce's deep category expertise in transportation positions them to maximize the benefits of automated processes, increased visibility, and performance metrics available through our technology." The end result is greater ongoing cost reductions and service-level increases for customers.
"By offering the full spectrum of logistics sourcing and ongoing management services, we are able to provide even greater value to our customers and ensure savings are sustained and augmented year-after-year," said Svindland. "As a result, more and more companies are turning to us to lead their strategic procurement initiatives in the transportation arena."
The partnership with BestTransport supports ICG Commerce's continued commitment to expanding its capabilities and services to deliver greater value and ROI to its customers.
BestTransport is a leading provider of online transportation management systems (TMS), an on-demand service that enables shippers and carriers to plan, execute and settle inbound and outbound freight activities efficiently using best practices. The Company's TMS offering enhances freight visibility, delivers metrics to benchmark progress, reduces transportation costs and facilitates collaboration. BestTransport connects over 3,000 shippers and carriers and processes thousands of shipments daily for industry leaders in North America, including Alcoa, Allegheny and Bull Moose Tube. Because there is no software to purchase or licensing commitments, members pay only for the value received. For more information, visit www.BestTransport.com
About ICG Commerce, Inc.
ICG Commerce is the leading procurement outsourcing
specialist delivering comprehensive source-to-pay services. Results-driven leaders access ICG Commerce's experienced resources and market intelligence to better manage procurement and logistics spend, gaining significant savings and enhanced visibility and control.
ICG Commerce is a privately held company founded in 1992 and a member of Internet Capital Group's (Nasdaq: ICGE) network of partner companies. The company has earned recognition from Forbes, Fortune, The International Association of Outsourcing Professionals (IAOP) and leading industry analysts for its leadership in procurement outsourcing. For more information: www.icgcommerce.com
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