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Genco ATC promises parcel shippers savings of up to 20 percent

3PL will analyze shipping data and provide cost-cutting recommendations.

Mark Solomon
By Mark SolomonNov 19, 2010
Mark Solomon
Mark Solomon joined DC VELOCITY as senior editor in August 2008, and was promoted to his current position on January 1, 2015. He has spent more than 30 years in the transportation, logistics and supply chain management fields as a journalist and public relations professional. From 1989 to 1994, he worked in Washington as a reporter for the Journal of Commerce, covering the aviation and trucking industries, the Department of Transportation, Congress and the U.S. Supreme Court. Prior to that, he worked for Traffic World for seven years in a similar role. From 1994 to 2008, Mr. Solomon ran Media-Based Solutions, a public relations firm based in Atlanta. He graduated in 1978 with a B.A. in journalism from The American University in Washington, D.C.
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Third-party logistics service provider Genco ATC has told parcel shippers that it can cut their spending by up to 20 percent by analyzing 30 days' worth of their shipping data.

The company, the product of a merger between Genco Supply Chain Solutions and ATC Technology Corp., said it will offer shippers who sign up a free estimate of their parcel spend and potential savings, and then take a share of the savings shippers obtain through what the company calls "mediation," where it acts in an advisory capacity and lets the customer negotiate on its own.

The company says shippers can realize significant cost savings within 90 days of implementing its recommendations.

Genco ATC is one of a cluster of so-called parcel consultants that have carved out an increasingly important niche in helping shippers save money on their parcel shipments, primarily with FedEx Corp. and UPS Inc.

Growing tension between the two giant parcel carriers and parcel consultants led FedEx and UPS to issue policy directives in April changing the way they work with consultants. AFMS LLC, one of the oldest and largest parcel consultants, sued FedEx and UPS in August on grounds that the companies unlawfully colluded to refuse to do business with AFMS.

ArticleTruckingTransportation
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ArticleTruckingTransportation
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