Morgan Stanley Study Demonstrates Transport Providers Prefer Logistics.com

Trucking Industry Rates Logistics.com's Procurement Solution as Superior

To i2 Technologies and Free Markets in Seven of Eight Study Areas



Apr 17, 2001, 01:00 ET from Logistics.com

    BURLINGTON, Mass., April 17 /PRNewswire/ -- Logistics.com, the leader in
 transportation procurement and management technology, today announced a recent
 Morgan Stanley report demonstrates that transport providers rate
 Logistics.com's OptiBid Network(TM) procurement solution as superior to i2
 Technologies' and Free Markets' procurement solutions.  The study, which
 surveyed over 40 leading trucking companies, focused on transport providers'
 preferred structure in responding to shippers' requests for quotes for annual
 transportation contracts.
     The Morgan Stanley report states, "When it comes to third party software,
 carriers preferred Logistics.com (OptiBid)."  The report goes on to say, "Of
 the three primary software bidding packages, Logistics.com ranked highest
 among carriers on the basis of taking conditional bidding into account,
 completeness of data required for bid analysis and providing the training and
 tools necessary to respond to bid requests."
     Logistics.com's OptiBid is a multi-level strategic transportation
 procurement solution.  OptiBid Network enables shippers to establish optimal
 strategic transportation plans based on critical business factors, including
 freight variability, network flows and transport provider rates and service
 levels.  Logistics.com has facilitated the procurement of over $6 billion in
 transportation contracts -- approximately $2 billion in the past 12 months --
 and has managed over $112 billion in transport provider "request for quotes"
 for over 35 Fortune 500 companies.
     In the report Logistics.com is consistently rated higher than other
 software companies, 3PL's/4PL's and management consultants.  Categories
 Logistics.com led include:  "Understanding the carrier's business, Taking
 conditional bidding into account, Ease of doing business, Providing you with
 training and tools to respond efficiently, Accounting for capacity to cover
 high volume lanes," and "Completeness of data required for bid analysis."
 High ratings were received for "Accounting for attributes other than price"
 and "Fair process."
     "Our experience and expertise in transportation technology enables us to
 be unique in our focus on the interaction between shippers and transport
 providers," said John Lanigan, Logistics.com CEO.  "We offer superior
 technology for both leading shipper and transport provider companies.  This is
 a key reason why OptiBid Network, which is clearly delivering valuable results
 to shippers, is also valued by transport providers. We truly take a
 collaborative approach in helping construct low cost, high commitment
 transportation networks."
     Logistics.com is the only transportation technology company to provide
 software and solutions to both shippers and transport providers via
 application service provider delivery. In addition to procurement solutions,
 the company offers a proven transportation management system, in use by over
 20 shipper companies, to manage daily transportation execution.  For transport
 providers, the company offers industry-leading management and analysis
 solutions that are used by over 65 customers, including 8 of the top 15
 trucking companies in North America, optimizing over 60,000 trucks daily.
 
     About Logistics.com
     Based in Burlington, Mass., Logistics.com empowers shippers and transport
 providers with technology to buy, sell, manage and optimize transportation
 services over land, air and ocean.  The company's three offerings include
 OptiManage, an automation and optimization tool for daily, mission-critical
 shipper transportation processes; OptiYield, a management, analysis and
 procurement tool for transport providers; and OptiBid, a strategic procurement
 tool for shippers.  The company has received funding, strategic guidance and
 operational support from Internet Capital Group (Nasdaq: ICGE).  In July 2000,
 Forbes named Logistics.com as one of the most promising B2B companies in its
 "Best of the Web:  B2B" edition; in addition, the company has been named to
 the Computerworld Top 100 Emerging Companies list, the InternetWeek 100 and
 the Inter@ctive Week 500.  For further information, visit the company website
 at www.logistics.com .
 
 

SOURCE Logistics.com
    BURLINGTON, Mass., April 17 /PRNewswire/ -- Logistics.com, the leader in
 transportation procurement and management technology, today announced a recent
 Morgan Stanley report demonstrates that transport providers rate
 Logistics.com's OptiBid Network(TM) procurement solution as superior to i2
 Technologies' and Free Markets' procurement solutions.  The study, which
 surveyed over 40 leading trucking companies, focused on transport providers'
 preferred structure in responding to shippers' requests for quotes for annual
 transportation contracts.
     The Morgan Stanley report states, "When it comes to third party software,
 carriers preferred Logistics.com (OptiBid)."  The report goes on to say, "Of
 the three primary software bidding packages, Logistics.com ranked highest
 among carriers on the basis of taking conditional bidding into account,
 completeness of data required for bid analysis and providing the training and
 tools necessary to respond to bid requests."
     Logistics.com's OptiBid is a multi-level strategic transportation
 procurement solution.  OptiBid Network enables shippers to establish optimal
 strategic transportation plans based on critical business factors, including
 freight variability, network flows and transport provider rates and service
 levels.  Logistics.com has facilitated the procurement of over $6 billion in
 transportation contracts -- approximately $2 billion in the past 12 months --
 and has managed over $112 billion in transport provider "request for quotes"
 for over 35 Fortune 500 companies.
     In the report Logistics.com is consistently rated higher than other
 software companies, 3PL's/4PL's and management consultants.  Categories
 Logistics.com led include:  "Understanding the carrier's business, Taking
 conditional bidding into account, Ease of doing business, Providing you with
 training and tools to respond efficiently, Accounting for capacity to cover
 high volume lanes," and "Completeness of data required for bid analysis."
 High ratings were received for "Accounting for attributes other than price"
 and "Fair process."
     "Our experience and expertise in transportation technology enables us to
 be unique in our focus on the interaction between shippers and transport
 providers," said John Lanigan, Logistics.com CEO.  "We offer superior
 technology for both leading shipper and transport provider companies.  This is
 a key reason why OptiBid Network, which is clearly delivering valuable results
 to shippers, is also valued by transport providers. We truly take a
 collaborative approach in helping construct low cost, high commitment
 transportation networks."
     Logistics.com is the only transportation technology company to provide
 software and solutions to both shippers and transport providers via
 application service provider delivery. In addition to procurement solutions,
 the company offers a proven transportation management system, in use by over
 20 shipper companies, to manage daily transportation execution.  For transport
 providers, the company offers industry-leading management and analysis
 solutions that are used by over 65 customers, including 8 of the top 15
 trucking companies in North America, optimizing over 60,000 trucks daily.
 
     About Logistics.com
     Based in Burlington, Mass., Logistics.com empowers shippers and transport
 providers with technology to buy, sell, manage and optimize transportation
 services over land, air and ocean.  The company's three offerings include
 OptiManage, an automation and optimization tool for daily, mission-critical
 shipper transportation processes; OptiYield, a management, analysis and
 procurement tool for transport providers; and OptiBid, a strategic procurement
 tool for shippers.  The company has received funding, strategic guidance and
 operational support from Internet Capital Group (Nasdaq: ICGE).  In July 2000,
 Forbes named Logistics.com as one of the most promising B2B companies in its
 "Best of the Web:  B2B" edition; in addition, the company has been named to
 the Computerworld Top 100 Emerging Companies list, the InternetWeek 100 and
 the Inter@ctive Week 500.  For further information, visit the company website
 at www.logistics.com .
 
 SOURCE  Logistics.com