FourKites announced that it is acquiring TrackX Holdings Inc.’s yard management solutions to create Dynamic Yard, a new supply chain visibility solution that extends real-time visibility into the yard.
By integrating FourKites real-time logistics data and predictive ETAs with TrackX’s leading yard management products, enterprises will be able to proactively manage yards and warehouses based on real-time signals from trucks in-transit and trucks on-site.
Specifically, FourKites has acquired TrackX’s yard management, dock management and gate control solutions, which serve the smallest facilities up to multiple enterprise locations. The solutions are also hardware-agnostic and integrate seamlessly with ERP and WMS systems, as well as RFID and IoT sensors.
“Real-time in-transit data, integrated with real-time yard data, will revolutionize how enterprises manage warehouse and yard activities,” says FourKites chief executive officer Mathew Elenjickal. “We are thrilled to combine TrackX’s yard technology with our real-time visibility platform to create Dynamic Yard. For the first time, yards and distribution centers will have real-time access to live incoming truck arrival information so that they can better plan and optimize their operations. FourKites’ Dynamic Yard will forever change the industry by bringing much-needed transparency and efficiency to shippers, carriers that operate large trailer pools, and marine terminals, alike.”
FourKites’ real-time supply chain visibility platform is said to be the industry’s largest, with participation from more than 400 of the world’s largest shippers and their carrier and broker partners. That includes nine of the Top 10 consumer packaged goods companies and 18 of the Top 20 food and beverage companies in the world, yielding the industry’s richest set of real-time supply chain data and predictive ETAs. Integrating this rich data set with previously siloed yard management systems will allow facility managers to anticipate bottlenecks, accelerate gate-in and gate-out processes, shorten on-site time for drivers and optimize inventory across multiple sites - reducing dwell times and increasing operating margins to the benefit of everyone in the supply chain.
“Today’s announcement represents a huge win for TrackX and FourKites customers,” says Tim Harvie, president and CEO, TrackX. “The ability to proactively manage facilities based on what’s happening in real time on the road is the next logical step in extending actionable supply chain visibility to large enterprise customers and driving additional value within their yard environments. FourKites created the real-time supply chain visibility category, built the world’s largest network of global shippers, and now extends its industry-leading transportation data to the yard. We look forward to seeing the value of Dynamic Yard come to bear in the market.”