CarrierPoint Releases New Version of Dynamic Shipping MarketPlace Featuring Collaborative Virtual Logistics Tools.Business Editors & Technology Writers ATLANTA--(BUSINESS WIRE)--Nov. 14, 2000 Enhancements Reduce Manual Labor and Communications Costs CarrierPoint, Inc., an electronic commerce company that provides Web-based collaborative supply-chain logistics tools and transportation marketplaces to the $154 billion less-than-truckload and full-truckload freight market, announced today a significantly-enhanced version of its flagship Web-based product, Dynamic Shipping MarketPlace(TM) (DSM 1. DSM - Data Structure Manager. An object-oriented language by J.E. Rumbaugh and M.E. Loomis of GE, similar to C++. It is used in implementation of CAD/CAE software. DSM is written in DSM and C and produces C as output. )(TM). The new release extends the functionality of the original open market exchange into a robust platform featuring improved facilitation Facilitation The process of providing a market for a security. Normally, this refers to bids and offers made for large blocks of securities, such as those traded by institutions. of contract-based shipments, internal fleet utilization tools, and improved control over the purchase of transportation services. "We have created an entirely new version of the MarketPlace that facilitates real-time, flexible collaboration between shippers and their carriers, streamlining the shipping process and improving capacity utilization Capacity Utilization measures the rate at which a firm makes use of their capital productive capacities, such as factories and machinery. Capacity Utilization generally rises when the economy is healthy and falls when demand softens. ," said Brian Kinsey, CarrierPoint CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "The new announcement transforms CarrierPoint from merely being an open exchange Web site to a company that provides a comprehensive suite of tools and private exchange capabilities that solve logistics problems for both shippers and carriers." Enhancements include the capability to handle pre-assigned markets and multi-staging. Pre-assigned markets are shipments in which the shipper SHIPPER. One who ships or puts goods on board of a vessel, to be carried to another place during her voyage. In general, the shipper is bound to pay for the hire of the vessel, or the freight of the goods. 1 Bouv. Inst. n. 1030. is verifying ver·i·fy tr.v. ver·i·fied, ver·i·fy·ing, ver·i·fies 1. To prove the truth of by presentation of evidence or testimony; substantiate. 2. capacity, but not requesting a price to carry product. With pre-assigned functionality, the shipper is able to communicate with the carrier without the expense of EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. charges. Through CarrierPoint's DSM system, shippers can communicate with current carriers, or use the system to find capacity for hard-to-place shipments. Carriers are able to view both contract shipments and new opportunities through the same system. Multi-staging functionality allows users to post shipments that include both pre-assigned and spot markets. With multi-staging functionality, the shipper is able to find capacity without having to perform manual labor to re-post the shipment to a different audience. Carriers have visibility to more shipments because shippers are more likely to open a contract lane (if capacity is needed) to the spot market via the CarrierPoint DSM system rather than use traditional, more labor-intensive, methods. The new version of DSM is now available to both existing and new CarrierPoint customers. About CarrierPoint Based in Atlanta, CarrierPoint is an Internet company that Web-enables the procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. of transportation services through real-time facilitation of contract-based shipments and collaborative transportation marketplaces for shippers and carriers. Through the use of electronic commerce, advanced communications and data warehousing See data warehouse. data warehousing - data warehouse technology, CarrierPoint maximizes the Internet to facilitate both contract and spot market shipments and to improve operating efficiencies. Additional information on CarrierPoint can be found on its Web site at www.carrierpoint.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion