Freight Rate Benchmarking Feature Added To FreightMaster TMS®

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New NGLRateComp™ Freight Rate Benchmarking Feature & Service By Next Generation Logistics, Inc.

This new enhancement to FreightMaster TMS® provides a real time visual freight rate comparison as well as a custom reporting solution to conducting adhoc over/under analysis without spending extensive time and money

Next Generation Logistics, Inc. (NGL) a leading provider of managed freight services, TMS software, and supply chain consulting, announced today that it has added real time transportation benchmarking functionality to its FreightMaster TMS® Suite transportation management system. The NGLRateComp™ enhancement allows companies to load internally generated or externally purchased benchmark rates by freight lane into FreightMaster TMS® and have the system automatically compare existing rates to the benchmark rates.

NGLRateComp™ will make it easier for users of FreightMaster TMS® to understand and know how their rates compare to those in the market place and identify trends more frequently. This feature will also empower companies of where they stand before negotiating new contracts with carriers. Additionally, NGL extends this transportation benchmarking as a service to users and non users of FreightMaster TMS® that shippers can subscribe to.

“This new enhancement to FreightMaster TMS® provides a real time visual freight rate comparison as well as a custom reporting solution to conducting adhoc over/under analysis without spending extensive time and money” said Paul Pultorak, Vice President, Supply Chain Operations for Next Generation Logistics, Inc. “Benchmarking capabilities is another key component for companies in controlling costs and managing their freight spend,” said Pultorak.

About Next Generation Logistics, Inc.
Next Generation Logistics, Inc. is a leading Managed Freight Services, TMS Software, and Supply Chain Consulting provider. For the past 20 years, NGL has worked with companies in the Food & Beverage and Consumer Products Industries, recommending and implementing proven repeatable concepts, strategies, and software technology that drive down costs and improve operating efficiencies within their customers supply chains. Next Generation Logistics, Inc. is Certified Microsoft Gold Partner and ISV solutions provider.

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