BETHESDA, MD – June 15, 2006-- Transportation Costing Group
™ (TCG
™), specialists in Profitability Management Tools
™ and Activity-Based Cost analysis for the transportation industry, today announced that it has signed an exclusive reseller agreement with BI
3 for the marketing and distribution of the company’s business intelligence analysis tool, Cube-IT
®. The solution can be implemented in less than two weeks and is priced on a sliding scale based on company size and usage.
Under the agreement with BI3 TCG has exclusive use of Cube-IT for motor carrier TCG applications under the name Cube-IT Powered by TCG
®. Since TCG’s Cost Information System (CIS
™) is the only profitability management tool that reconciles to the General Ledger, and the standard of the industry, the addition of Cube-IT Powered by TCG to the company’s CIS product line will give motor carriers easy, dynamic, 360 degree view without the constriction of reports. Cube-IT creates an “Information Democracy” based on exact data, not estimations, in a company’s financial and operating statements.
“Cube-IT Powered by TCG is a highly effective, intensive profitability analysis management tool because of its dynamic drill down capability,” said Ken Manning, TCG President. “Typical business intelligence tools only provide data in fixed formats. Cube-IT Powered by TCG, allows an analyst to design and redesign reports on the fly, as needed, without having to generate raw data each time.”
As a management tool, Cube-IT Powered by TCG, utilizes data in TCG’s patented CIS cost analysis technology to provide a 360-degree view of all the operational factors that can impact costs and profitability. “Cube-IT Powered by TCG can generate reports on the spot that allow for a comprehensive analysis based on customers, lanes, length of haul and even commodity types,” Manning noted. “It is also the only solution available that ties into driver settlement and payroll data to evaluate driver and driver manager performance.”
Initially developed by PITT OHIO EXPRESS, a sister company to BI
3, for internal use with TCG’s Cost Information System, the solution has helped the motor carrier eliminate $40 million in unprofitable business in three years. The company, which generates in excess of $225 million in revenue annually, also realized an improvement of three points in its Operating Ratio while growing its business significantly in the same period. The LTL carrier headquartered in Pittsburgh, PA, services the entire Mid-Atlantic Region, as well as Ohio, West Virginia, and the Detroit and Chicago metropolitan areas.
“Cube-IT goes beyond traditional analysis and reporting solutions,” said Ray Johnson, CFO at PITT OHIO. “It enables technology to provide real-time access to databases for intelligent transportation sensitive analysis, problem finding and solution building. It is also highly user friendly because it utilizes the same Microsoft applications you have come to understand and use most productively.”
Cube-IT at PITT OHIO was the recipient of a 2004 Gartner CRM Excellence Award. The award for Exemplary Demonstration of CRM Excellence in the small to mid-size enterprise category is dedicated to promoting excellence in Customer Relationship Management. In choosing PITT OHIO as an award winner, Gartner cited the unique approach that was followed along with the organization’s process and collaboration that its CRM technology enabled. Gartner, Inc. is a provider of research and analysis on the global information technology industry. Chuck Hammel said, “We can stand each customer on their own merits and see the value we provide to them and the value they provide to us. We never had that precision visibility before, now we do.”
ABOUT TCGTransportation Costing Group is the provider of the most widely used suite of Activity-Based Costing models to the motor carrier industry. TCG provides models tailored to specific carrier operations. Information on the Activity-Based Costing Models and services offered by TCG can be obtained by contacting Ken Manning at (800) 328-9700, or by visiting the TCG web site at
www.tcgcis.comMedia Contact:Susan Fall
LaunchIt Public Relations
858-490-1050
susan@launchitpr.comLOGOS AVAILABLE UPON REQUEST