Nistevo Network Use Exceeds One Billion Miles Through Transportation Management Capabilities
MINNEAPOLIS--Aug. 20, 2002--Nistevo Corp., the leading Collaborative Logistics Network(SM) for transportation management, announced today that its members have planned and executed freight shipments totaling more than one billion miles through its Network. The significant growth of its Web-based Network is a result of its members' expanded use of Nistevo's transportation management system (TMS) capabilities, such as load building, tendering, track and trace, payment approval, and reporting features.
During the past six months, the Nistevo Network has experienced a 47 percent increase in daily shipment volume and 48 percent growth in its carrier user base as members expand their use of the Network by adding users, locations and enhanced functionality. Currently, Nistevo members are managing more than 2.2 million shipments annually across more than 100,000 locations and are consistently experiencing 5 - 25 percent savings in transportation costs.
"Today's milestone of one billion miles further demonstrates how invaluable our Web-based transportation management functionality is for our members," said Kevin Lynch, chief executive officer of Nistevo. "We offer our customers the flexibility to subscribe to the services they require and expand use when they are ready, without incurring additional software or infrastructure costs. As a result, the Network provides a rapid return on their investments."
The Nistevo Network, which has members representing multiple industries such as agriculture, automotive, consumer products, paper, pharmaceutical and retail, allows users to manage the entire shipment lifecycle. As a Web-hosted service, the Network enables users to easily connect their supply chain network of transportation managers, warehouse managers, suppliers, customers and carriers. Members can manage their full truckload, less-than-truckload and intermodal shipments as well as schedule dock appointments through the Network. In addition, users have complete status visibility to inbound and outbound shipments and can receive alerts to changes through the Network's supply chain event management capabilities. As a result, members reduce their logistics costs, streamline operations and improve customer service. For more information on Nistevo's transportation management solution, visit www.nistevo.com/solution_overview.html.
About Nistevo
Nistevo is the leading Collaborative Logistics Network(SM) for transportation management, a hosted software service that enables manufacturers, retailers and carriers to plan, execute and settle their inbound and outbound full and less-than-truckload transportation. The Nistevo Network offers visibility and event management, contract management, execution, and tours that can be deployed in as little as 65 days. Using the Network, members are managing more than 2.2 million shipments annually resulting in more than 300 million miles of freight moved in the past six months alone. Nistevo's clients include Baxter Healthcare, Church & Dwight Co., General Mills, Georgia-Pacific, Ivex Packaging, McCormick & Company, Nestle USA and Seneca Foods, among others. For more information, visit www.nistevo.com.