Swift Transportation Co. on Thursday, June 14, announced that the company has entered into a contract with I.D. Systems – a provider of wireless solutions for securing, tracking and managing high-value enterprise assets – to deploy the company’s VeriWise transportation asset management system on domestic intermodal containers. The contract is valued at about $3.1 million over five years.
The VeriWise solution, engineered by I.D. Systems’ Asset Intelligence subsidiary, is designed to improve the efficiency and security of transportation fleets by providing real-time data via on-asset sensors, satellite communications and Web-based software. The system’s capabilities include motion detection to identify the start and end of each drive segment, a patented cargo sensor that monitors the full length of a container to determine its load status, and patented power management technology for long maintenance-free battery life.
“We pride ourselves on squeezing every ounce of efficiency out of our transportation services,” saus Richard Stocking, president of Phoenix-based Swift. “Deploying the VeriWise system on our domestic intermodal container fleet gives us real-time visibility of that critical ‘last mile.’ It tells us when and where containers are taking longer than expected to unload, and enables us to quickly pinpoint empty containers. With this information, we can turn containers around quicker, minimize deadheading, reduce chassis rental costs and maximize the revenue generated by each container. Collectively, these efficiencies will help us achieve a significant gain in overall asset utilization and profitability.”
Darryl Miller, chief operating officer of I.D. Systems, says his company worked closely with Swift to deliver a solution for Swift’s intermodal container management needs. “From a design standpoint, this VeriWise product is a true game-changer,” Miller says. “The system has an unprecedented ability to provide accurate cargo sensing, with reliable power and satellite communications, even on containers with corrugated walls.”