EASTMAN, G-LOG TO LAUNCH B2B LOGISTICS CONCERN
Eastman Chemical Co. and Global Logistics Technologies, a Connecticut-based developer of Web-based logistics software, have formed an online logistics company called ShipChem.com.
Founded to address the high cost of transporting raw materials and hazardous materials in the chemical industry, ShipChem plans to offer an Internet portal-based logistics gateway to allow chemical manufacturers, distributors, carriers and third-party logistics providers to share information and conduct shipping transactions online.
The company also plans to offer planning and management services for customers that want to outsource logistics operations.
Eastman said it will outsource its logistics to ShipChem when the company opens for business in the second quarter.