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Overview
Data2Logistics recovers, controls and reduces transportation costs by providing
Fortune 1000 companies with actionable information that is captured from their freight
bills. Data generated as a result of freight bill audits and freight bill payments
provides a valuable management tool.
Our clients rely on us for prompt and accurate freight bill audit, processing, payment
and logistics information management services. Data2Logistics reviews $14 billion
worth of freight bills from thousands of carriers every year. We offer a single-source
solution for all modes of freight—including air, LTL, TL, parcel, overnight express,
ocean, and rail shipments.
The complex world of freight bill payment, contracts, tariffs and fuel surcharges
can lead to overpayments, lost discounts and compliance errors that can hurt your
company’s bottom line. Using cutting-edge technology and years of freight bill auditing
experience, savings are achieved by recovering overcharges, rate errors, duplicate
billings, and service failure adjustments.
We help our clients improve visibility to critical information, eliminate carrier
overcharges and maximize efficiencies by eliminating paper. Our
Data Mining capabilities and information technology provide our customers
with the information they need to better manage transportation costs and increase
profitability.
Data2Logistics offers you unmatched financial stability, backed by our
Code of Ethics. With Data2Logistics, you can count on timely, innovative
solutions that deliver superior customer service and measurable value.
Data2Logistics - History Our freight bill processing experience
is rooted in the merger of Barry & Lloyd and CTI Logistics, Inc. — two of the nation’s
most successful transportation, audit, information and payment services. Barry &
Lloyd was founded in 1935. The following timeline traces our development.
- 1935 Barry & Lloyd founded to help shippers meet the challenges of an ever-changing
transportation environment
- 1976 Chase Trans Info was created as a subsidiary of The Chase Manhattan Bank. Chase
had been a founding member of the National Association of Freight Payment Banks,
formed for the timely settlement of freight bills between shippers and carriers
- 1973 Barry & Lloyd automates the processing and auditing of freight bills
- 1980s Chase acquires several firms including the freight bill processing services
of Bank of America, Borg Warner and Traffic Managers for Industry
- 1990 Chase Trans Info is purchased by its management, and its name is changed to
CTI
- 1992 National Processing Company acquires Barry & Lloyd
- 1997 National Processing Company acquires Northwest Traffic Associates and InTraCon
- 1999 Freight Payment Division of National Processing Company merged with National
Processing Company’s Corporate Services to form CorPay Solutions, Inc.
- 2002 Data2Logistics created when Platinum Equity acquires CorPay and Wescara Freight
Technologies
Platinum Equity (www.platinumequity.com) is a global
M&A&O® firm specializing in the merger, acquisition and operation of
companies that provide services and solutions to customers in a broad range of
business markets, including information technology, telecommunications,
logistics, metals services, manufacturing and distribution. Since its founding
in 1995 by Tom Gores, Platinum Equity has completed nearly 100 acquisitions with
more than $27.5 billion in aggregate annual revenue at the time of
acquisition.
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