Transportation Costing Group Joins Forces with Carrier Logistics
Agreement Enhances TCG’s Activity-Based Costing Models, First Joint Customer Reports Significant Value
BETHESDA, MD. – May 4, 2006 – Transportation Costing Group® (TCG®), specialists in Profitability Management Tools℠ and activity-based cost analysis for the transportation industry, today announced that it is enhancing its product line with the addition of FACTSview, the business intelligence module of the FACTS™ suite of software from Carrier Logistics Inc. New York-based Mystic Tank Lines Corp. is the first customer to use the integrated solutions.
FACTSview is a business intelligence tool based on the highly familiar Microsoft® Excel platform. Utilizing complete and accurate information provided by TCG’s Cost Information System, FACTSview gives users the ability to drill down into over a dozen metrics associated with shipments, lanes, customers, and origin and destination points.
”TCG’s advanced activity-based costing and other software has gained wide acceptance among leading Less than Truckload (LTL) and Truckload (TL) carriers because its accuracy gives it a high level of credibility,” said Ken Manning, president of TCG. ”Our CIS solutions are currently the only systems that offer a complete, accurate and fully replicable costed traffic database that ties back to the general ledger. The capabilities provided by integrating FACTSview will further enhance this highly effective profitability management tool.”
”This integrated solution our two companies are providing will allow a comprehensive analysis of operational factors that impact costs and profitability,” stated Kenneth Weinberg, vice president of Carrier Logistics. ”It’s a product that will be used by small and large carriers alike because it gives managers the ability to quickly spot trends in performance or analyze variances, and use that information to make more effective business decisions.”
Already experiencing the value of the combined TCG and Carrier Logistics offering is Mystic Tank Lines Corp. of Astoria, NY. The bulk hauler of heating oil, gasoline, kerosene, diesel, jet fuel, av gas, lubricants, asphalt, cement, cement by-products and non-hazardous materials throughout the Northeast and Mid-Atlantic states operates over 300 vehicles from four terminals.
”The combination of TCG’s software and FACTSview is enabling us to have our analysis tools in one package, rather than in different applications,” said Jack Lebovic, Mystic’s chief information officer. ”The TCG database spins off a flat file that FACTSview uploads into a sequel server with an Excel application. That software produces an easy to read, familiar spreadsheet detailing costs and profits over routes, lanes and for specific customers.”
The combination of TCG and Carrier Logistics, noted Mystic’s vice president Salvatore Sammartano, allows the carrier to look at any factor or group of factors that impact costs, revenue and profits. ”We want to be sure we’re fairly charging for expenses that are applicable,” he related. ”In one instance, for example, we had an account where we thought our margins were greater. With the integrated capability of FACTSview and TCG, we were able to determine that we weren’t properly allocating expenses for deadhead time and mileage.
”That type of information is very helpful when setting rates that are fair to customers and enhance our profitability,” Sammartano added. ”Without the integration of TCG and FACTSview, we wouldn’t have such accurate data to analyze and use to run our business. The integration of these solutions is very valuable to us, and that’s a return on investment you can measure.”
Transportation Costing Group is the provider of the most widely used suite of Activity-Based Costing models to the motor carrier industry. TCG provides models tailored to specific carrier operations. Information on the Activity-Based Costing Models and services offered by TCG can be obtained by contacting (800) 328-9700 or firstname.lastname@example.org For general product information please visit www.tcgcis.com
About Carrier Logistics
Carrier Logistics Inc., Tarrytown, New York, has been a transportation systems and engineering consultant and developer of systems technology for the trucking industry for 35 years. Their customers include major U.S. and Canadian carriers. CLI may be reached at: 914-332-0300 (tel.); email at: email@example.com, or on the Web at: www.carrierlogistics.com
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