ORLANDO, Fla. and CHICAGO (PRWEB) May 07, 2018
FourKites, the market leader in supply chain visibility and predictive analytics, today announced it has integrated FourKites Predictive Capacity Management (PCM) with JDA Transportation Management.
FourKites PCM, unveiled last week, is North America’s first commercialized platform for automatically and dynamically matching shipments that require transport with available capacity on nearby tractors moving toward similar destinations. FourKites PCM automatically predicts the availability of private and dedicated fleet trucks from its tracking network and dynamically matches them to shipper demand.
While matching freight to capacity is not a new concept, traditional matching technologies and load boards failed to proactively forecast truck availability and ignored whether matches could feasibly be executed. Leveraging predictive data science and real-time conditions, such as delays at stops, traffic congestion and disruptive weather events, FourKites is solving both these issues with its tracking network and real-time data analytics.
“This integration is the latest step in our partnership with FourKites, in enabling real-time asset visibility via FourKites’ technology and its massive shipper network,” said Fabrizio Brasca, GVP, solution executives, JDA. “FourKites Predictive Capacity Management will enable JDA customers to extend the value of their JDA solutions.”
“At a time when trucking capacity is at a record low and customer on-time delivery standards are hitting all-time highs, we are delivering a win-win solution for shippers, carriers and customers,” said Matt Elenjickal, FourKites founder and CEO. “FourKites Predictive Capacity Management will reduce the cost of shipping goods across North America by improving the industry’s net efficiency. We’re enabling companies to get products to market more quickly at lower overall operating costs.”
FourKites PCM matches backhaul capacity within a JDA customer’s fleet with available loads from other networked customers who have opted in. JDA customers using FourKites PCM will reduce freight costs by using networked private or dedicated fleets to move freight that would otherwise be moved by common carriers or through spot market processing.
FourKites PCM will leverage the network of data on FourKites, the omni-modal supply chain visibility provider to the world’s largest shippers, including AB InBev, Conagra Brands, Kraft Heinz, Nestlé, Perdue Foods, Smithfield Foods, Unilever, Walmart Canada and many others.
For more information on FourKites, visit http://www.fourkites.com
FourKites is the fastest-growing predictive supply chain platform, delivering real-time visibility and execution for the broadest network of Fortune 500 companies and third-party logistics firms. Using a proprietary algorithm to calculate shipment arrival times, FourKites enables customers to lower operating costs, improve on-time performance, and strengthen end-customer relationships. With a network of more than four million GPS/ELD devices, FourKites covers all modes including ocean, rail, parcel and over-the-road. The platform is optimized for mobile and equipped with market-leading end-to-end security. To learn more, visit http://www.fourkites.com.
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