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Transite Technology Launches Industry’s First Aggregated 3PL Rate Service - "My Freight Rates" service enables Brokers and Shippers to easily obtain the lowest rates from multiple parties from a single source while serving as a powerful marketing channel for 3PLs.

RALEIGH, NC—March 30, 2009—Transite Technology, a leading provider of transportation management solutions, technologies and services, has launched a ground-breaking new service, My Freight Rates, which aggregates the best rates from numerous 3PLs and enables brokers and shippers to easily access these rates for real-time shipments.

"This delivers the absolute lowest rates to brokers and shippers while driving revenue for our 3PL partners," said Geoff Comrie, CEO of Transite. "While this is clearly a service to the industry, it’s fundamentally driven and made possible by Transite’s core technology."

My Freight Rates aggregates rates from all participating 3PLs. When a broker or shipper needs a price, they access MFR and are delivered the lowest per shipment charges culled from the 3PLs. Transite developed new "AggreRater" technology to mine all the 3PL data in real-time and then surface the least-cost prices to the broker or shipper.

Transite’s My Freight Rates will formally launch at the 31st TIA Annual Convention & Trade Show, April 1-4, 2009 in San Antonio.

"3PLs have another source of revenue, and brokers and shippers get low prices in a simple, easy manner," said Comrie. "We have yet to do aggressive marketing but we already have participation from 3PL’s such as Access America Transport, Custom Logistics and others."

3PL’s and other interested parties should contact sales@transite.com.

About Transite Technology

Founded in 2002, Transite’s transportation management solutions enable companies like Samsonite, Pergo, and GE to streamline processes and reduce the cost of shipping outbound, inbound, and third-party freight. Transite’s transportation management solutions, technologies and managed services ensure the least-cost mode and carrier for every shipping transaction by providing visibility of the entire lifecycle of the shipping process.

For more information contact:

Les A. Hamashima
Transite Technology
1008 Bullard ct Ste 200
Raleigh, NC 27615 United States
O 919-862-1900 x118
Les.Hamashima@transite.com
www.transite.com

Submitted by: LogisticsWorld
news@logisticsworld.com, 4/6/2009 2:18:55 PM

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