Prysmian Group chooses Transplace for managed transportation services

Transplace, a provider of transportation management services and logistics technology solutions, has been selected by Prysmian Group (FTSE: PRY) to manage all transportation activities throughout North America and support international import/export shipments and customs compliance, the company said.

A world leader in the energy and telecom cable systems industry, Prysmian Group will leverage Transplace´s managed transportation services, proprietary technology and industry expertise to optimize its logistics operations in order to reduce costs, increase visibility and drive greater operational efficiencies across the supply chain.

Transplace will employ its proprietary Transportation Management System (TMS) to optimize shipments and efficiently manage the daily execution of all transportation activities, including carrier and mode selection and freight audit and payment.

Transplace will also leverage its industry-leading technology to take advantage of additional cost saving opportunities, such as converting over-the-road shipments to intermodal, and consolidating freight with multiple shippers through the company´s TransMatch co-shipping program.

Access to real-time business intelligence dashboards and reporting will provide Prysmian Group with greater visibility of its entire operational network.

Prysmian Group, world leader in the energy and telecom cables and systems industry with global headquarters in Milan, Italy, and North America headquarters in Lexington, S.C., is strongly positioned in high-tech markets and offer a wide range of products, services and technologies.

Transplace is a North American non-asset based logistics services provider offering manufacturers, retailers, chemical and consumer packaged goods companies the optimal blend of logistics technology and transportation management services.