LCM Sued by BAX

Tuesday, September 16, 2003
Lion Contract Management (LCM), LLC, operators of a web-based ocean contract management system that allows customers an affordable solution to manage, search and quote contract rates within the Ocean Transportation industry, has been sued by BAX Global (Parent company: The Pittson Company/Brinks). The lawsuit, filed by BAX Global, states that LCM has misappropriated property that belongs to BAX. LCM representatives state they have sufficient evidence to prove in a court of law that they have not misappropriated any property as alleged by BAX and feel that BAX Global’s efforts are just a continuance of moves made by them to fund their struggling company and dilute competitors. Some LCM board members were previously employed by BAX Global and are named in the lawsuit. BAX Global, Irvine, Calif., is a US $1.9 billion supply chain management and transportation solutions company offering mode-neutral logistics management for business-to-business shippers through a global network of over 500 offices in 123 countries. Recently, BAX Global’s parent company, The Pittson Company/Brinks, has undergone a name change, lost key, high-level employees to resignation and seen their stock market value plummet. The company has filed complaints against other industry companies in addition to its aforementioned lawsuit against LCM. Despite the pending lawsuit, LCM continues to provide state-of-the-art solutions for their growing client base. “In spite of BAX Global’s attempt to interfere with our operation, we continue to experience company-wide growth,” said Robyn Hudson, President of LCM. “Our focus is finding solutions for our customers. Recently, we introduced a unique product that auto-populates large RFQs at the touch of a button, saving consumers time and money. Our products and services have been met with industry-wide acceptance. With ocean rate levels dropping, transportation companies are seeking solutions to help reduce costs and increase revenues. Our streamlined services offer this solution to logistics companies of all sizes.”
Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Zamakona Yards' Commitment to Well-being

Recently employees of Zamakona Yards participated in a training course for maintaining Health, Safety and Environment (HSE). The theoretical practice focused on working at heights,

GasLog Post 4Q 2014 Results

GasLog Ltd. and its subsidiaries an international owner, operator and manager of liquefied natural gas carriers, today reported its unaudited financial results for the quarter ended December 31,

Chassis Pools for Port of Long Beach

Three companies that own the vast majority of chassis serving the San Pedro Bay ports are on track to activate a “gray chassis fleet” of truck-trailers on March 1,

 
 
Maritime Careers / Shipboard Positions Maritime Standards Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1631 sec (6 req/sec)