With empty truck space a huge cost concern for companies like butter maker Land O'Lakes Inc., the ability to share transportation costs with other shippers is very attractive. If trucks are coming back empty, it adds up fast. That's where Nistevo Corp. comes in. Initial public offering planned within 12 months. The Capacity Game Throughout the logistics supply chain, shippers are looking to collaborate with partners to save on transportation costs.
Shippers tend to buy truck capacity in one direction.
When the truck returns empty, it costs shippers more while carriers earn less. Nistevo attempts to fill excess capacity with its collaborative electronic logistics service, which lets shipping partners work together via the Internet to cut transportation costs and boost truckers' sales. With the Nistevo network, they can collaborate throughout the logistics process, from managing complex contracts to loading empty trucks. Web-based logistics management also lets companies collaborate beyond their own enterprises with suppliers, carriers and other shippers. It was clear to us that unlike a lot of technology companies claiming they had product and didn't, Nistevo had it, and it was up and running.