In a recent press release, the company announced that computer manufacturing giant Compaq would be a Logistics.com customer. "The first phase of this partnership spans global freight transportation for all modes of transportation – air, ocean and land-based – as well as strategic, tactical and spot market Internet-based procurement," the release stated.
Houston-based Compaq, the largest maker of PCs in the world with revenues of $38-billion in 1999, ranks 20th in the Fortune 500.
"We’re working right now in the ocean business with Compaq," said Logistics.com Managing Director and Chief Operating Officer John Lanigan. "The intent of the two companies going forward is to work air, ocean and truck; domestic and international."
The scope of the transportation procurement, said Lanigan, is new for Logistics.com.
"To have all three modes, both domestic and international with a single customer, that’s the first comprehensive deal like that we’ve struck. Primarily, our work has been in North America, so this is clearly a larger opportunity."
It’s also another benchmark for Logistics.com, which opened for business on the Web in January, 2000. However, profitability is still in the future and so is any IPO.
"We are in great shape. Our funding situation is very solid and we are moving toward profitability," said Lanigan, "and I’ll leave it at that."