ICG Commerce Earns Recognition For Transportation Sourcing Leadership and Adds Ongoing Transportation Management Capabilities
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.
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About BestTransport
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 (www.icgcommerce.com) is a leading Procurement Services Provider
exclusively focused on helping companies buy more effectively and efficiently in order to reduce
costs significantly and continuously. The company offers an unmatched combination of process
and category expertise, market insights and benchmarks and a world-class operational Buying
Center to deliver Sourcing and Procurement Outsourcing Services. ICG Commerce Inc., a
privately held company founded in 1992, is a member of Internet Capital Group's (Nasdaq:
ICGE) network of partner companies. For four consecutive years, ICG Commerce has been as a
Forbes Best of the Web: B2B honoree, and the company also has had multiple executives
recognized in Supply & Demand Chain Executive magazine's annual "Pros to Know" listing.
Contacts:
Kristen Knouft
ICG Commerce
484-690-5159
kknouft@icgcommerce.com
Melissa Boehning
Ruder-Finn
312-329-3975
boehningm@ruderfinn.com
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