FourKites will get access to previously internal shipment data from FedEx to train its predictive visibility system as part of a new planning and problem resolution platform called FourKites X.
Gartner’s annual examination of the real-time visibility market changed little from 2021 to 2022, with the analyst identifying standalone visibility providers as continued leaders for the in-demand market.
FourKites has partnered with e-commerce technology specialist Narvar to link predictive freight visibility with post-purchase solutions for retailers and brands aspiring to fulfill orders online.
FourKites’ acquisition of European trucking and rail data provider NIC-place enhances its ability to get granular data on shipments in an increasingly competitive landscape for visibility.
FourKites is helping its customers tackle the management of detention and demurrage charges through a dashboard that help them prioritize containers likely to incur free time fees.
Visibility provider FourKites has worked with consumer packaged goods customers to develop a way to connect orders to in-transit freight and yard data to improve supply chain planning.
Acquisitions and large funding rounds have catapulted standalone multimodal platforms to market-leading positions, but the growing list of global and domestic visibility providers signals ongoing demand for different approaches to freight visibility.
The real-time freight visibility market continues to push into the world of ocean freight, with FourKites, fresh off a $100 million funding round, acquiring global transportation management provider Haven on Wednesday.
FourKites has landed a $100 million funding round, led by industrial investors, to use visibility data to drive strategic supply chain insights by linking hardware and software-derived data.
Visibility software provider FourKites has unveiled a product designed to help shippers better track arrival times and delays associated with individual purchase orders rather than entire shipments.
After spiking in March owing to increased demand for essential goods amid the COVID-19 pandemic, truck detention has receded but remains a disruptive factor for truckers that can backfire on shippers when capacity is needed.
project44 is ramping up the multi-modal nature of its visibility offering, another signal that shippers are craving single environments that connect all modes and regions.
Logistics startups are facing a new reality in which funding rounds are likely to be smaller, recurring revenue expectations will be higher and valuations will be greater for subscription-based software than for digital brokers and forwarders.
FourKites’ acquisition of the yard management visibility solutions of Denver-based TrackX indicates an intent to build broader freight network visibility for its shipper customers.
While the search for true end-to-end visibility continues, the rise of partnerships between visibility providers in distinct legs continues with surface transportation-oriented software company FourKites partnering with container visibility provider Ocean Insights.
Partnerships between TMS providers, digital brokers, and visibility providers are becoming commonplace, but that doesn’t mean the blurring between those models is easy for shippers to understand.
Shippers might dream of a single end-to-end visibility system, but providers still specialize in certain areas, so a more realistic approach is figuring out how to stitch deep, but narrow, systems together.
Cell phone service providers may soon pull the plug on a key data pipeline underpinning domestic visibility software, but most companies have switched to other location systems. Shippers need to ensure that their providers aren’t overly exposed to this cell phone triangulation data.