L4 Logistics | Transport Shipping and Logistics News

 The award was given for superior product functionality and customer results delivered by Triple Point's Commodity XL PhysOps 'Visual Cockpit.' It manages the logistical and financial complexities of waterborne and overland shipment of bulk and packaged commodities."I'm extremely pleased that award organizations and the marketplace are recognizing the exceptional value provided by PhysOps 'Visual Cockpit'," said Peter F. Armstrong, president, Triple Point Technology. "Our vision of providing an integrated real-time solution for trading, risk management, scheduling and logistics is proving to be exactly what our prospects and customers require to succeed in their businesses.""The Connecticut Quality Improvement Award Partnership is proud to honor the results of the creative ingenuity and entrepreneurial cutting edge of Triple Point and other area companies," said Sheila Carmine, founder and executive director. "All applications were judged by Baldridge-trained examiners who read, ranked and met for consensus to determine the winning entries."The CQIA Innovation Prize is based on the Malcolm Baldridge National Quality Award for Performance Excellence's three principles of Approach, Deployment and Results, which are translated into the organization's criteria of Opportunity, Innovation and Numerical Results.The CQIA prize adds to the recent widespread recognition Triple Point has received for its product solutions including "Software House of the Year" and "Top Software Package" by Energy Risk magazine, and the Gold Award for "Excellence in Technology - Risk Management and Compliance" by Commodities Now magazine. Triple Point was named last month to the Deloitte Fast 50 for a record-breaking eight years in a row.About Triple Point Technology Inc.Triple Point Technology is the leader in trading, risk management, scheduling and logistics solutions for commodities including power, oil, gas, coal, metals, agricultural products and freight. Triple Point Commodity XL(TM) profitably manages the complex, ever-changing requirements of physical and financial markets. Commodity XL integrates front-to-back office and delivers best-of-breed functionality for the supply, trading, marketing and movement of commodities on a single next-generation platform. Triple Point's real-time system helps customers of all sizes streamline trade processing, reduce transaction costs, maximize supply chain efficiencies, precisely measure and manage market risk, evaluate performance, and ensure regulatory and accounting compliance. (source: Press Release)