CHICAGO, Feb. 2, 2011 (GLOBE NEWSWIRE) -- Echo Global Logistics, Inc. (Nasdaq:ECHO), a leading provider of technology enabled transportation and supply chain management services, today announced that it has launched a self-service Transportation Management System (TMS) called FlexTMS™.
"Echo provides cost effective transportation management services for thousands of clients through an outsourcing model by leveraging our technology, purchasing power and expertise. FlexTMS enables our clients to utilize Echo's technology and service model while maintaining control over the procurement process," said Douglas R. Waggoner, chief executive officer. "Our FlexTMS solution will automate time consuming processes for clients and provide greater visibility to the entire transportation management function while allowing them to continue their existing carrier relationships."
FlexTMS is a software-as-a-service TMS with integrated managed services. This "a-la-carte" product provides shippers with a customized, cost effective solution for their logistics needs. It offers clients a standard solution which includes routing guide management, automated load entry, tendering and acceptance, load visibility with customized reporting and analytics complemented by industry experts to assist with freight management.
This product is unique in that it was created for shippers with strong buying power and carrier leverage but lacking advanced technology. The self-service cloud based TMS gives these shippers advanced functionality without the large capital investment necessary to acquire and implement their own software. Users have access to experts in the transportation industry in addition to a web-based portal that is tailored to their specific needs.
"We feel that this product will help expand Echo's reach to an untapped market and bring our Company to the next level," said Waggoner. "Echo is committed to listening to the marketplace and delivering world class solutions."
About Echo Global Logistics
Chicago-based Echo Global Logistics is a leading provider of technology enabled transportation and supply chain management services, delivered on a proprietary technology platform, serving the transportation and logistics needs of its clients. Echo's web-based technology platform compiles and analyzes data from its network of over 24,000 transportation providers to serve its clients' shipping and freight management needs. Echo procures transportation and provides logistics services for more than 11,600 clients across a wide range of industries, such as manufacturing, construction, consumer products and retail. For more information on Echo, visit: . Follow Echo on Twitter @echologistics.
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CONTACT: Echo Global Logistics, Inc. Heather Mills 312-276-3222 hmills@echo.com