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2001 Archives - July 31, 2001

TransCore and myFreightWorld Enter into Partnership, Providing Fleet Industry Expanded Equipment and Capacity Options for LTL Shipments

PORTLAND, Ore. – July 31, 2001 – TransCore, now operating the largest freight exchange network in North America through its recent acquisitions of DAT Services and Link Logistics, announces a partnership with myFreightWorld. The move links TransCore's DAT Services® network, a predominantly truckload freight exchange service, with myFreightWorld's less-than-truckload (LTL) online service. 

According to the American Trucking Association, the less-than-truckload segment is a $55 billion industry. Given the complicated logistics of securing and moving multiple loads to multiple locations using a single truck, LTL shipments are traditionally difficult to move. Yet, consumer demand is making this a quickly emerging segment. Trucking industry analyst Martin Labbe of Martin Labbe Associates said the growth of electronic commerce [e-commerce] and historically low inventory levels should contribute to the availability of LTL shipments through 2002.

"With access to myFreightWorld LTL offerings and TransCore's full-truckload services, brokers will benefit from expanded transportation options and new business partners," said Owen Geisz, myFreightWorld's chief operating officer. "TransCore is quickly moving to provide access to every tool necessary for brokers' transaction and planning needs."

A recent customer survey indicates that nearly half of TransCore's freight exchange customers need access to the LTL transportation segment, as well as the ability to negotiate LTL shipments in the same online environment they use for their truckload negotiations. The partnership with myFreightWorld answers customers' requests, granting access to additional equipment opportunities and shipment availability in the LTL segment. This capability is another step toward TransCore enabling customers to easily conduct daily business from a single, Web-based location.

About myFreightWorld

Headquartered in Kansas City, Mo., myFreightWorld provides shippers and receivers Web-based freight-shipping and management solutions to 40,000 enrolled customers, as well as offers a broad array of low-cost and high-end freight services through strategic partnerships with freight carriers and technology companies. The company also provides back-office automation logistics tools to make it easier and less expensive for shippers to select optimal carrier/transit time and management of freight in transit. The logistics tools also manage vendor accounts, multiple locations, inbound and outbound freight, returned goods, enforced routings, and the option of longer-term contract rates. For more information, visit www.myFreightWorld.com or call 877.549.9438.

About TransCore

TransCore's Commercial Services Group is headquartered in Beaverton, Ore., a suburb of Portland, and is a part of TransCore Inc., a privately held transportation services company with 1,800 employees and more than 80 locations throughout the United States and abroad. With installations in 37 countries, more than 150 patents, and a world-class manufacturing facility, TransCore's expertise in providing technology-based applications that improve transportation efficiency is unparalleled. For more information, visit www.transcore.com or www.dat.com.