Averitt Express Chooses Transportation Costing Group
Activity-based costing solutions provide a highly effective profitability analysis capability for the leading freight transportation provider
ROCKVILLE, MD. – August 1, 2006 – Transportation Costing Group (TCG®), specialists in Profitability Management Tools™ and activity-based cost analysis for the transportation industry, today announced that Cookeville, TN-based Averitt Express has adopted the company’s LTL Cost Information System® (LTL/CIS®). In addition, Averitt is also adopting TCG’s TL Cost Information System® (TL/CIS®) for the company’s truckload service unit.
According to Mark Davis, vice president of Pricing & Traffic for Averitt, the carrier selected TCG’s products because Averitt’s existing system lacked the detailed cost analysis capabilities the company required. “We were interested in the development of motor carrier costing capabilities and found that many industry leading carriers were using the TCG system,” he said. “After a number of presentations – and participating in TCG’s user’s group meeting where we heard about the benefits of CIS from other users – it was obvious that TCG’s system would be our choice for a costing software upgrade.”
A number of features of TCG’s CIS solutions were particularly attractive to Averitt, including the system’s ability to calibrate results to the carrier’s general ledger to provide specific and highly accurate costs and to give credibility to the results. The system also provides the capability to allocate overhead costs in a much more specific and accurate manner. In addition, the carrier cites TCG’s extensive reporting capabilities, including profitability analysis segmented by customer, service center, lane, sales representative, shipment size, and numerous other factors.
“As we continue to implement the CIS solutions into our operation, and complete our start-up and training,” Davis stated, “we have also found that TCG’s excellent reputation for providing support and meeting custom programming needs is well deserved. We look forward to fully utilizing the system and to realizing the many benefits we anticipate it will provide.”
TCG’s TL/CIS and LTL/CIS solutions provide accurate, specific cost information for pricing, and traffic, profitability and operations/productivity analysis, noted Ken Manning, TCG president. “Averitt Express is poised to benefit from its use of this highly effective tool for measuring and managing profitability,” he added. “We are very pleased to be able to meet their needs.”
About Averitt Express
Established in 1971, Averitt Express is a leading provider of freight transportation and supply chain management with international reach to more than 100 countries. The company specializes in delivering customized solutions with a single source of accountability for service offerings that include less-than-truckload, truckload, time-critical, importing/exporting and supply chain management. Backed by successful execution for hundreds of customers, Averitt’s supply chain management capabilities include dedicated fleet operations, warehousing services and transportation management.
Transportation Costing Group is the provider of the most widely used suite of profitability management tools and Activity-Based Costing models to the motor carrier industry. TCG provides models tailored to specific carrier operations. Information on services offered by TCG can be obtained by contacting (800) 328-9700 or email@example.com. For general product information please visit www.tcgcis.com.
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