Atlanta-based Internet Trucking Company Leads the
Way In Industrial Logistics Support
ATLANTA, GA, February 15, 2000 /PR Newswire/
CarrierPoint, a virtual community where shippers and
carriers meet to fulfill less-than-truckload and truckload
shipments, announced today strategic alliances with
several industrial B2B exchange sites including Chemical
Bid.com, IronMax.com,
Tiredex.com
and WorldCatch.com.
In each of these agreements, CarrierPoint will provide
the B2B sites with a seamless transportation solution
that will enable their customers to get a real-time
market rate on their shipments. By utilizing electronic
commerce and superior communications technology, CarrierPoint
will be able to improve a carrier's asset utilization
and reduce empty miles.
"One by one every industry vertical is discovering
the value of Internet exchange sites," said Brian Kinsey,
president and chief executive officer of CarrierPoint.
"Companies that supply everything from industrial materials
to seafood can utilize these sites to move perishable
and nonperishable goods in a fraction of the time these
transactions used to take. By working with CarrierPoint,
each of these sites can provide their customers with
a seamless solution for their logistics needs."
The trucking industry is an untapped and high-growth
segment with great potential for moving off-line business
online. CarrierPoint will focus on the highly fragmented
truckload and less-than-truckload segments, which represent
approximately $88 billion of the $450 billion in the
transportation industry's total revenues. Goldman Sachs
estimates a compound growth rate of 66% per year in
Internet-based transportation revenues over the next
five years.
The core CarrierPoint offering is a dynamic transportation
marketplace that allows shippers and carriers to conduct
business in a real-time highly efficient environment.
Additionally, CarrierPoint's offering will include a
robust data warehouse with real-time online data mining
access as well as a portal component. CarrierPoint offers
significant benefits to the shipper in terms of true
marketplace pricing and substantial process improvements,
and to the carrier in terms of the ability to improve
asset utilization and reduce empty miles. CarrierPoint's
general release of its Dynamic Shipping MarketplaceSM(DSMSM),
will be early March 2000.
B2B Internet exchange sites provide a platform for
entire vertical industries to globally bring buyers
and sellers together to conduct industry specific business
on the Internet. These sites can move a wide variety
of products from surplus to commodity in a cost-efficient
manner.
One of the announced alliances is with TireDex.com,
the first B2B electronic exchange focused exclusively
on the $80 billion tire and wheel industry. TireDex.com
provides manufacturers, wholesalers, retailers and brokers
of tires and wheels, the opportunities to trade inventory
in a faster, more efficient and cost-effective manner
than is available in the off-line market today.
"The CarrierPoint alliance provides TireDex.com with
the opportunity to offer its members the lowest possible
freight rate available in the marketplace by using CarrierPoint's
dynamic shipping marketplace," said Terence Scheckter,
president and chief executive officer of TireDex.com.
"The synergies between our two companies will prove
beneficial to those seeking a competitive edge through
B2B electronic commerce."
Founded in 1999, CarrierPoint will deliver value to
its clients by offering a real-time platform for shippers
and carriers to bid on shipments and virtual data warehousing
that will allow shippers and carriers to effectively
and comprehensively manage their reporting and decision
support processes. In addition, CarrierPoint will offer
portal services to its members including financial services,
truck permits, fuel permits, maps, alerts, chat rooms
and periodicals.
CarrierPoint, based in Atlanta, GA, is an Internet
company committed to creating an open marketplace where
shippers and carriers can meet to fulfill truckload
shipments. Through the use of electronic commerce and
advanced communications technology, CarrierPoint's mission
is to improve the efficiency and effectiveness of freight
shippers and carriers by creating a virtual community
and marketplace that facilitates a real-time market
for open shipments in the trucking industry. Additional
information on CarrierPoint can be found on its web
site at www.carrierpoint.com
|
