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March 21, 2000 9:25 AM, EST

I2Technologies, a big player in setting up Internet trading sites, announced the formation of a marketplace for transportation.

Freightmatrix will offer shippers, carriers and logistics providers a Web location where they can buy and sell transportation, plan cargo requirements and execute shipment delivery. Ryder Systems of Miami is the primary logistics firm for the site and Central Transportation International of Warren, Mich., is the main less-than-truckload carrier.

Domestic transportation providers will use the Internet exchange to improve planning and efficiency. The venture also will create revenue and cost savings for carriers and logistics providers, according to I2.

Eventually, Freightmatrix will be expanded to provide international trade logistics and transportation management for all modes of freight haulers, I2 said in a press release.

For the full story, see the Mar. 20 print edition of Transport Topics. .