Enron creates newest transportation logistics provider

Enron, a global electricity, natural gas and communications provider,
has created a transportation logistics company called Enron Freight Markets (EFM) to provide risk management services and transportation and logistics alternatives for shippers, carriers and third-party logistics companies.

EFM will initially provide traditional transportation intermediary services for the over-the-road and domestic intermodal market, including buying and selling forward capacity on the spot and firm market, matching shippers and carriers, and tracking shipments. The company will eventually expand into international container, less-than-truckload and other modes of transportation.

On March 2, 2001, EFM acquired Webmodal, Inc., an Illinois-based logistics and brokerage company as the first step in building EFM’s physical execution capabilities.

Enron Corp. posted revenues of US$101 billion in 2000.