FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–May 1, 2003–Power2Ship (P2S), a unit of Freight Rate, Inc., a subsidiary of Jaguar Investments, Inc. (OTCBB:JGUR), announced that on April 28, 2003 The Great Atlantic & Pacific Tea Company (A&P) (NYSE:GAP) and 35 of its core carriers launched the Power2Ship Track and Trace ASP solution.
This solution enables A&P to have visibility of inbound loads from multiple carriers to 32 A&P distribution centers in one easy-to-navigate screen. The successful launch of the P2S Track and Trace solution marks the beginning of the P2S MobileMarket(TM). Richard Hersh, P2S’ Chief Executive Officer commented, “The Power2Ship solution provides A&P with the ability to track the movement of its inbound freight and proactively identify inventory issues before they become problems.”
The Power2Ship solution includes carriers’ use of free asset management tools to identify the location of unused capacity, matching this available capacity with shippers’ loads and dynamically displaying this information for carrier selection. P2S currently is working with several other national and international shippers and carriers to incorporate their loads and capacity into the P2S MobileMarket(TM).
About The Great Atlantic and Pacific Tea Company, Inc.
“The Power2Ship solution provides A&P with the ability to track the movement of its inbound freight and proactively identify inventory issues before they become problems.”Tweet this
Founded in 1859, A&P was one of the nation’s first supermarket chains, and is today one of North America’s 10 largest. The Company currently operates 692 stores in 15 states, the District of Columbia and Ontario, Canada under the following trade names: A&P, Waldbaum’s, The Food Emporium, Super Foodmart, Super Fresh, Farmer Jack, Kohl’s, Sav-A-Center, Dominion, The Barn Markets, Food Basics and Ultra Food & Drug. The Company also manufactures and distributes the Eight O’Clock line of whole bean coffees.
Power2Ship is an Application Service Provider (ASP) that offers a highly accessible, user-friendly information and communication system for the truckload freight industry. This system – named the P2S MobileMarket(TM) – includes an online site that collects, consolidates, processes and presents real-time transportation-related data that is valuable to logistics departments of shippers and motor carriers. This information assists these shippers and carriers operate more efficiently by enabling them to 1) Identify and utilize excess transportation capacity, 2) Execute freight transactions online and 3) Track the movement of loads and/or transportation assets online. More information is available at http://www.power2ship.com.