Global Logistics and Supply Chain Strategies - May 2008 - (Page 22)

credit limit—so carriers can confirm the credit amount is sufficient; • Multiple enhancements to the ETA/Out-of-Route module to better manage late and out-of-route status based on userdefined controls; • Order Planning and Driver Management screens now include ETA information along with confirmation on which drivers have received and acknowledged preassigned movements via mobile communications devices; • A new Trailer Detention report to assist in negotiating rates or billing customers based on dropped days past the free-day limit; • The creation of a Top Driver Report based on revenue with multiple filters; • New interfaces with the DriverFACTS safety and accident reporting system and StarTrak’s ReeferTrak trailer tracking system. Stein, director of entry services at Mohawk. “The ultimate result will be a more accurate plan for delivery.” The IES suite of import and export solutions target freight forwarders, NVOCCs, customs brokers and other transportation intermediaries. IES solutions are available as both a managed service and a packaged software. Visit www.mohawkglobal.com and www.iesltd.com. JPMorgan, Trax Technologies Offer Supply Chain Financing Solutions JPMorgan and global transportation management company Trax Technologies are jointly offering a suite of logistics and financial services that includes supply chain financing solutions for Trax’s customer base of freight carriers and shippers. Trax’s outsourced freight invoicing service automates and manages the billing and accounts receivables process. Carriers will benefit from reductions in days sales outstanding and a more cost-effective and compliant billing infrastructure, according to Trax. By adding JPMorgan’s supply chain financing solution, Trax can extend the shipper’s payment terms while enabling the carrier to discount its receivables for cash. The partnership allows Trax to leverage JPMorgan’s strength in supply chain finance and logistics management to provide complete freight settlement services to carriers and logistics companies. With JPMorgan supply chain financing, carriers can automatically or manually select receivables to discount and decide how and when they wish to receive payment. Carriers will be notified of, and have the option to sell to JPMorgan, confirmed invoices meeting eligibility criteria—or to select some invoices to be sold to JPMorgan. Carriers receive payment from JPMorgan of a discounted price for the invoices purchased, along with comprehensive remittance data. At maturity, the shipper will settle all confirmed invoices that were delivered to JPMorgan’s platform. “Combining JPMorgan’s financial expertise with Trax’s proven success in freight cost management will help our customers further improve their financial supply chain operations,” says J. Scott Nelson, CEO of Trax Technologies. Visit www.jpmorgan.com and www.traxtech.com. Among the more than one hundred improvements to LoadMaster is a new field in the customer record to indicate those who allow their freight to be brokered and a new Accounts Payable feature allowing users to generate ACH payments directly to a vendor’s checking account. Visit www.mcleodsoftware.com. Mohawk Global Logistics Deploys Transportation Software from IES Looking to improve supply chain visibility and import and export compliance, Mohawk Global Logistics, a global forwarder, has implemented software powered by IES Ltd. “We believe that this solution will help to reduce lead-times, trim total landed costs, and accelerate customs clearance,” says Robert Kenco Transportation Unit Takes Over Chattanooga Freight Bureau Kenco Transportation has expanded its service offerings by purchasing freight management and brokerage company Chattanooga Freight Bureau, which began in 1904 as an advocate for lower rail freight rates. In addition to providing full-scale transportation services, the newly formed Kenco Transportation Management, doing business 22 MAY 2008 http://www.mohawkglobal.com http://www.iesltd.com http://www.jpmorgan.com http://www.traxtech.com http://www.mcleodsoftware.com

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Global Logistics and Supply Chain Strategies - May 2008 Contents Editorial GL and SCS Exclusive Fast Forward Up Front Cover Story: 'Be Prepared Is Motto that All Companies Should Follow When It Comes to Recalls Here and There 1+1=One Opinion Can't Happen Here Industry Voices

Global Logistics and Supply Chain Strategies - May 2008

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