Procurement Tool creates electronic RFQs.

Press Release Summary:



OptiBid Lane provides self-service negotiation and securing of transportation service contracts across all modes: truckload, less-than-truckload, rail, air and ocean. It enables shippers to collaborate with and manage carriers, create and run web-based auctions, and secure competitive rates and award contracts. Shippers can download results into transportation management systems and use archived bids as templates for subsequent bids.



Original Press Release:


LOGISTICS.COM LAUNCHES SELF-SERVICE TRANSPORTATION PROCUREMENT TOOL


New Version of OptiBid Lane Allows Shippers to Rapidly Negotiate and Secure Transportation Contracts Online Across All Modes

BURLINGTON, Mass. (December 10, 2001) - Logistics.com Inc., the leader in transportation procurement and management technology building the industry's first standards-based logistics network, today announced the launch of a new version of OptiBid Lane*, a state-of-the-art procurement tool for the self-service negotiation and securing of transportation service contracts across all modes-truckload, less-than-truckload, rail, air and ocean.

The new version of OptiBid Lane, which is hosted by Logistics.com, enables shippers to realize savings over an outsourced transportation procurement solution. It allows shippers to rapidly procure transportation service contracts over the Internet, standardizing the RFQ process and reducing it from months to days. OptiBid Lane enables shippers to:

* Quickly create and post electronic RFQ's
* Collaborate with and manage carriers
* Create and run web-based auctions
* Secure competitive rates and award contracts

OptiBid Lane standardizes and centralizes communication between
shippers and carriers, providing carriers with bids in a consistent format and making it easy for shippers to choose the carriers that best support their business requirements based not only on rates but also on multiple service factors. Shippers can easily download the results into their transportation management systems and use archived bids as templates for subsequent bids, which improves productivity.

Shippers using OptiBid Lane will automatically have access to the
hundreds of carriers currently registered with Logistics.com and can rapidly register any additional carriers needed. "Increasingly, corporations are looking for a way to efficiently procure domestic and global transportation services and take that process in-house," said Joe Wagner, senior vice president of global sales and marketing for Logistics.com. "The new self-service version of OptiBid Lane is ideal for small- and medium-sized shippers with moderately complex networks
and large shippers with highly experienced transportation purchasing staff. OptiBid Network, our outsourced solution, is still most popular with large shippers seeking to leverage Logistics.com's procurement expertise."

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