June 29th, 2004 - Seattle, Wa. ShipLogix, an industry leader in providing on-demand transportation management solutions for shippers, carriers and their business partners, announces the release of ShipLogix Transportation Execution Platform (STEP) version 5.0. The latest version of STEP includes new and enhanced functionality and, along with ShipLogix' fast implementation, produces rapid return on investment dollars.

"We've responded to the increasing demand for transportation management tools that improve efficiencies and quickly reduce costs throughout the supply chain," remarked Alan Van Boven, CEO of ShipLogix. "By incorporating Vendor Load Builder, enhanced load and route optimization, and freight audit and settlement technology into STEP version 5.0, we've expanded our ability to supply a Web-hosted solution to virtually any industry, including retail."

STEP 5.0's Vendor Load Builder is an order collaboration tool that gives the buyer or control party earlier upstream order visibility and provides routing control cost savings opportunities. The web-based interface captures order readiness and shipment detail and also allows vendors to release orders at the line-item level, when the shippable order is first created and built.

"Our Vendor Load Builder allows users to plan warehouse operations and transportation much earlier in the shipment lifecycle and reduce costs associated with inefficient purchasing and order fulfillment," explained Lloyd Sanford, VP of Sales and Marketing. "The interface enables vendors to transmit changes in shipment dates, quantities, released orders and routing changes directly to STEP, providing buyers with real-time visibility throughout the shipment process."

ShipLogix refactored its optimization interface in STEP 5.0 to concurrently manage multiple optimization engines, which increases the speed and handling capacity of carrier communications. Shippable orders are imported into STEP and then submitted as optimization candidates. Users can realize significant cost savings (10-20%) through efficient aggregation of individual shipments, multi-route pick up and deliveries, and automated selection of lowest-cost modes and carriers. Optimization planning enables companies to easily analyze their transportation options and negotiate lowest possible rates with carriers.

STEP 5.0 also features improved Freight Audit and Settlement Technology (FAST). ShipLogix clients can utilize automated match-pay and self-invoicing procedures, whereby carrier invoices are matched to audit quality rated shipments and approved for payment. Clients can leverage guaranteed payment terms to negotiate lower freight rates, as well as reduce or eliminate costly third-party accounting audits. Freight Audit and Settlement information can be used to generate financial reports that open up planning capacity to always ensure lowest-cost mode and carrier selection.

STEP 5.0 was recently successfully deployed with a $7 billion retail distribution enterprise with 7,000 active vendors and 1,000 shipments per day. The improved optimization capability has already produced a 30% reduction in freight expenditures. Likewise, Cognis Corporation, a $3 billion specialty chemical manufacturer with seven U.S. plants reported 172% ROI as well as a 10.4% reduction in freight dollar expenditures.

About ShipLogix

Headquartered in Seattle, Wash., ShipLogix provides on-demand transportation management services to shippers, carriers, and their business partners. The ShipLogix Transportation Execution Platform (STEP) is primarily distributed through channel partnerships with logistics providers (3PLs), logistics technology providers and value-added resellers (VARs). To learn more about ShipLogix visit www.shiplogix.com or call 1-888-486-7447.