GoLogistics Brokers LTL Online with Paccar Backing
July 11, 2000
Paccar.com, the e-commerce arm of Paccar Inc., makers of Kenworth and Peterbilt trucks, has announced an equity investment in GoLogistics, Inc., of Plymouth, Mass. GoLogistics is currently running live tests of an Internet-based market for LTL shipments.
According to GoLogistics spokesman Russ Aborn, the online market will post shipments of 5,000 pounds and above and accept bids from qualified LTL carriers. GoLogistics will broker the transactions and earn a 6 percent commission from the carrier side.
Aborn insisted GoLogistics is not an auction. Carriers will bid on freight, but only once on any given transaction, he said. Carriers will include both union and non-union LTL carriers.
Carriers must meet GoLogistics qualifications to participate and all participants must be members, Aborn said. Membership requires a one-time fee of $2,500 to cover the cost of entering company information into the GoLogistics system.
Aborn said the current test involving five carriers and 20 shippers began on June 1. The site is scheduled to go live for all members on July 17.