Platts Turnkey Project Freight Management – Utility Best Practices

January 2008

In a global economy, for many shippers it is common to source product from a supplier in Toledo, OH one day and from Chiang Mai, Thailand the next.  Co-presenting with our customer Seminole Electric Cooperative, LPS discussed the advantages to managing the freight costs on large capital projects.  If you are considering any capital purchase, it is important you know your purchasing terms, that you know your Corporate Risk Policy and what the required delivery schedule is.  Using the above to manage all of their purchases during the construction of a 750MW coal-fired power plant, Seminole was able to save 15-19 million Dollars.

Platts, a division of The McGraw-Hill Companies (NYSE: MHP), is a leading global provider of energy and commodities information. With a century of business experience, Platts serves customers across more than 150 countries. An independent provider, Platts serves the oil, natural gas, electricity, emissions, nuclear power, coal, petrochemical, shipping, and metals markets from 17 offices worldwide.