News

Say you’re a big business that uses carriers like FedEx or UPS to ship 24 million packages a year to customers, and say those carriers mistakenly overcharge you by just a penny per package. That’s a $240,000 loss. Memphis-grown Green Mountain Technology has developed the expertise and software to break down the complex contracts between the parcel shippers and carriers, correctly apply the billing agreements to the millions of packages that get moved around, and save money for their clients in a way that provides a service to the carriers as well.

Read More →

If it wasn’t already difficult for local technology companies to recruit talent, Amazon’s new tech operation in Nashville certainly isn’t helping. Memphis-based Green Mountain Technology, which works as a supply chain consultant for some of the nation’s largest retailers, is taking a different approach to recruiting. Monday at 2 p.m., it is opening a satellite office on the University of Memphis campus. All of Green Mountain's founding principals are U of M graduates. About 20 percent of the company’s existing workforce are also alumni. So, CEO Craig Russell started the conversation of how the company could become more engaged with the university to get on the radar of graduating tech talent as early as possible.

Read More →

With another freight payment provider filing for bankruptcy, it is a useful time for shippers to take a closer look at the way they utilize payment vendors and how those vendors facilitate transactions. IPS Worldwide LLC has sought bankruptcy protection on liabilities north of $100 million to address “creditors becoming antsy,” according to the representing bankruptcy lawyer. Assets listed amount to only $50,000.

Read More →

The tone of the UPS 4Q18 earnings call was uniformly upbeat as strong metrics were revealed one after another. Volume, revenues, earnings per share, and operating margins all went up in the fourth quarter. Comments around peak season performance were far more cheerful than last year as well.

Read More →

This is the time of year that shippers are often bracing for the blow of annual rate increases. Usually in the late third or early fourth quarter, parcel carriers will announce their annual rate and surcharge increases. With the growth in e-commerce, parcel is becoming a larger expenditure for companies. According to GMT’s 2018 Benchmark Report, 87% of shippers expect 2018 parcel rates to increase at a similar or higher pace as total transport costs year-over-year.

Read More →

The quick fix for fast order fulfillment is using an express service, but in a world where shippers are constantly battling rising costs, that is not a sustainable option. Placing distribution centers (DCs) in the correct location can provide a long-term, sustainable option to reduce fulfillment time. Are your current DCs placed in the most optimal locations? Here are four steps in evaluating the location of distribution centers.

Read More →

In the frothy battle for online customer loyalty, shipping choices and amounts charged for those choices is a highly influential front. Retailers have been grappling with this changing landscape for years as online disruption continues. Green Mountain Technology has combined the specific experience of its retail clients along with a multitude of other companies across industries in our annual Benchmark Report to understand strategies for differentiation in this dynamic space.

Read More →