To leverage advanced analytics to track, monitor and manage transport assets, I.D. Systems will deploy its VeriWise Track and Trace system on a fleet of intermodal container chassis for Duncan and Son Lines, Inc., a leading provider of intermodal container transportation services.
I.D. Systems is a provider of wireless M2M asset management solutions. The company has not revealed the financial terms of 60-month service contract.
The company is providing asset monitoring and data communication services, including data integration with Duncan's TMW dispatch software, to help automate the conversion of asset data into service actions.
The Track and Trace system offers a robust, efficient asset lifecycle management solution that provides real-time asset location via GPS, cellular communications and web-based software.
The system deploys quickly and features patented power management technology for long, maintenance-free battery life.
I.D. Systems can serve industrial vehicles, rental cars, containers, trailers, and cargo. The company's patented technologies address the needs of organizations to monitor and analyze their assets to increase efficiency and productivity, and reduce cost.
Rick Duncan III, president of Duncan and Son Lines, said,” We selected the Track and Trace product for its proven reliability and cost-effectiveness, as well as its ability to monitor chassis location and status in real time.”
TMW dispatch software helps the Duncan to track the status and quantities of chassis across geographic locations, in real-time. The software has significant financial and customer service benefits, including: improved chassis fleet utilization, improved cargo turnaround times, from dispatch and pickup to delivery; decreased truck travel time, fuel costs and emissions, reduced chassis maintenance costs, and improved verification of intermodal container returns.
Kenneth Ehrman, president and interim CEO of I.D. Systems said in a statement, "Track and Trace gives our customers a highly effective and affordable means of managing their transportation assets. We also provide unique expertise in backend systems integration, so we can help our customers integrate the data we collect into their own systems, like Duncan's TMW dispatch software."