Enron Corp., a $101-billion electricity, natural gas and communications company, is beefing up its presence in the logistics market. Enron recently created a transportation logistics company called Enron Freight Markets (EFM). Enron says EFM’s primary objective is to provide transportation solutions and innovative risk management services for shippers, carriers and third-party logistics companies. The company plans to combine Enron’s expertise in risk management and finance with the activities of a traditional transportation intermediary.
Enron says EFM will focus on providing 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 said it will eventually expand into international container, LTL and other modes of transportation.
