Logistics.com Might Prove An Internet Success Story After All
P.J. Jakovljevic & Lou Talarico - October 25, 2001

Event Summary

On September 18, Logistics.com, Inc., a provider of transportation procurement and management technology, announced the successful completion of a $10 million round of additional backing from Internet Capital Group (NASDAQ: ICGE). This follows $15 million of previously unannounced financial support late last year. This funding reportedly provides Logistics.com the required financing to continue its rapid growth and demonstrates Internet Capital Group's confidence in Logistics.com. This also supplements the $39 million already received to bring total funding to date to $64 million. No other e-logistics company is funded at the level of Logistics.com and no other is closing new customer deals at the volume and frequency of Logistics.com, according to the company...