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Atlanta,
GA. — October 13, 2000: Viewlocity, Inc.
a leading global provider of software and services that integrate
e-business networks and synchronize supply webs, and Bid Freight Logistics, Inc., an Internet-based logistics management applications
solutions provider, announced today an agreement to use Viewlocity's
TradeSync™ Integration Broker to facilitate real time collaboration
with Bid Freight Logistics' network of carriers and third party logistics
(3PL) service providers.
Under the terms
of the agreement, Bid Freight Logistics will use Viewlocity's TradeSync
Integration Broker to automate the collaborative process required
to match customer shipments with assets owned by carriers and 3PLs.
Viewlocity will provide Bid Freight Logistics with a robust communication
platform to help carriers receive customer shipment information
in multiple formats and then manage the complex business rules and
notification process required to ship the goods for the customer,
electronically and in real time.
Bid Freight Logistics owns and operates a dynamic electronic business solution
that moves freight, information and money using direct tendering
or reverse auction. The company also provides automated methods
for shipment tendering, bidding, negotiation, scheduling, delivery
notification, and settlement for customers, carriers and all trading
community members.
"Viewlocity
serves as the engine that helps power our logistics trading community
and enables Bid Freight Logistics to deliver on our mission," stated
Michael Voelk. "Shippers spend
a considerable amount of time and resources managing transportation,
with a resulting negative effect on profit margins. Viewlocity helps
us create significant new business opportunities and increase operating
efficiencies by providing a technology-enabled commercial environment
in which shippers and carriers of freight can directly transact
business for moving freight at optimal cost."
"We are truly
looking forward to working with Bid Freight to link its customers
with carriers and logistics service providers," stated Greg Cronin,
CEO of Viewlocity. "We are proud to help Bid Freight differentiate
itself by providing a reverse auction environment within an e-marketplace,
where shippers and carriers of goods can chose to access each other
directly and in real time -- without brokers
Viewlocity's
TradeSync Integration Broker will also instantly push notifications
out to Bid Freight Logistics' network as soon as new loads are cleared
for direct tender or bidding. The new process will greatly reduce
the need for large customers and suppliers to manually input data
for each individual shipment, by allowing Bid Freight Logistics to
communicate directly with customer's systems and databases. This
makes Bid Freight's business model much more scalable to serve customers
easily and effortlessly whether one load - or 1,000 - is involved.
About Bid
Freight Logistics
Bid Freight Logistics
(BFL) is a leading edge applications solutions provider (ASP)
that offers a total electronic logistics management solution to
dramatically enhance the way shippers and carriers move information,
freight and money to manage and grow their businesses. BFL
services
the US $500 billion North American freight market with an integrated
suite of products - Bid Freight Network, Bid Freight 3PL and Bid
Freight Financial that offer electronic means of tendering shipments,
bidding, negotiation, scheduling, delivery notification, and financial
settlement. In addition, the company is leveraging the immense capabilities
of the Internet to provide valuable enhancement services such as
online document imaging for each load, integration capability with
Enterprise Resource Planning and Transportation Management Systems,
and an integrated wireless track and trace offering targeted at
private fleets. BFL is based in Dallas, USA with an office in Toronto,
Canada. Learn more about the company, its products and services
at http://www.bidfreight.com.
About Viewlocity
Viewlocity
is a leading global provider of software and services that integrate
e-business networks and synchronize supply webs. Our agnostic solutions
provide application integration, B2B integration and trading community
management, allowing our customers to leverage their existing technology.
Viewlocity's supply web monitoring solutions, based on XML and other
open standards, provide business process automation over the Internet
between customers, suppliers and trading communities. With more
than 3,200 installations worldwide, our event-based integration
broker runs on major operating systems (Unix, NT, AS/400) and provides
a unique non-intrusive method to rapidly connect business partners'
heterogeneous systems, platforms, applications or communication
formats. Viewlocity has 14 offices worldwide, with its global headquarters
in Atlanta, Georgia, European headquarters in London and its Asia-Pacific
headquarters in Singapore. For more information, call 877.512.8900
or visit the company on the web at www.viewlocity.com.
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