COMPANY OVERVIEW COMPANY DESCRIPTION: Logistics.com is a net market maker in the $1 trillion global transportation industry. Working with shippers and transportation providers across all modes worldwide, Logistics.com drives inefficiencies out of the entire transportation process and attempts to increase the profitability of all players through its digital transportation marketplace (DTM) and its decision-support software tools for both buyers and sellers of transportation services.
BUSINESS MODEL DESCRIPTION: Transaction fee Subscription fee Software/license fee
HISTORY YEAR FOUNDED: 2000 through acquisition. Originally founded in 1988 under the name PTCG, Inc. NUMBER OF EMPLOYEES: 135
CUSTOMERS J.B. Hunt, M.S. Carriers, Procter & Gamble, Kraft, Colgate-Palmolive, Ford Motor Company, Sears Logistics Services,Yellow Freight,CSX, Clorox,Bridgestone, Firestone, BASF, Georgia Pacific, International Paper
COMPETITORS i2 i2 Manugistics Manugistics CelarixCelarix
STRATEGIC ALLIANCES N/A No strategic alliances until recently: Logistics aligns with Commerce one to provide its DIGITAL TRANSPORTATION MARKETPLACE™ via next next generation commerce ONE.NET™. The ARTICLEARTICLE
MANAGEMENT TEAM AND PRIOR EXPERIENCE CEO— Dr. Yossi Sheffi; (Professor & Director Center Transportation Studies MIT, founder LogiCorp, PTCG, Syncra, and eChemicals) President— Gregg Borgeson; (CEO, QuoteShip.com; CEO Hellman North America) Managing Director/COO— John Lanigan; (COO, Schneider National)
Managing Director/Technology and Production Strategy— Carl Drisko; (Dir. Tech. CSC Corp.) OUTSIDE DIRECTORS: Mark Lotke, ICG Bill Haskell, ICG Bob Pohlen, ICG
KEY OPERATING METRICS COMPANY-DEFINED OPERATING METRICS: $6 billion total auction volume More than 100 shippers and carriers 55,000 trucks using optimization analysis per day — representing $31 billion in freight per year. 2.4 million transactions per year— representing $1.7 billion in freight.
FINANCING HISTORY FINANCING STATUS: Initial funding of $30 million in January 2000 INVESTORS: Internet Capital Group