2016 U.S.-Booked Air Volume: $49 million
2016 Global Air Volume: $73 million
2016 U.S. T&E: $106 million
2016 Global T&E: $144 million
Principal Air Suppliers: United, Delta, American
Principal Hotel Suppliers: InterContinental Hotels Group, Marriott,
Hilton
Principal Car Rental Suppliers: Hertz, Enterprise
Principal Online Booking Tool: Concur
Principal Card Supplier: American Express
Principal Expense Supplier: Concur
Consolidated U.S. TMC: Amex GBT
In 2016, ITW received the Concur Innovation Award, based on
use of Concur tools to improve processes, create best practices or capitalize
on ROI. As a cost-savings initiative, the industrial equipment manufacturer
implemented value-added tax reclamation. Seventy-five percent of ITW's 2016
U.S.-booked air volume was for domestic travel, up slightly over the previous
year. U.S.-booked air volume remained at $49 million in 2016, and the company
expects a 2 percent increase in air spend this year. For 2017, ITW will
implement T&E programs and review travel policy. Its travel program uses a
single global policy for its 20,000 travelers. Last year, 89 percent of air
bookings originating in the U.S. went through approved online tools and 80
percent of the company's travel business was handled by American Express Global
Business Travel. The company uses American Express as its corporate card
supplier on an individual bill, individual pay model. ITW reported $13.6
billion in annual revenues in 2016.