Skip to content
Search AI Powered

Latest Stories

Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

FourKites Acquires Haven and Introduces Dynamic Ocean for International Ocean Shipment Visibility

Industry-first Dynamic Ocean goes beyond container tracking, introducing international document management workflow, trading partner collaboration, booking support and industry-leading tracking accuracy

FourKites Acquires Haven and Introduces Dynamic Ocean for International Ocean Shipment Visibility

FourKites, the market leader in real-time supply chain visibility, today announced its acquisition of Haven, Inc., and introduction of Dynamic OceanSM, a next-generation visibility solution that redefines end-to-end management for international ocean shipments. The solution integrates advanced document management capabilities, robust collaboration features and support for bookings, with superior end-to-end real-time tracking. Benefits of Dynamic Ocean include expedited flow of goods through busy ports; significantly reducing detention and demurrage costs; and improved customer satisfaction.

FourKites’ Dynamic Ocean solution builds on technologies gained through its acquisition of Haven, a well-established leader in international ocean shipping, document management and tracking. “Haven is thrilled to bring our team and expertise in SaaS, supply chain and ocean tracking to FourKites, a company that pioneered real-time freight visibility and shares our vision for more automated, collaborative supply chains,” said Brad Klaus, CEO at Haven. “There is nothing like Dynamic Ocean in the market. It is a true game-changer for organizations that ship internationally via ocean.”


Dynamic Ocean covers 99% of global container traffic and more than 750 ports, providing unprecedented visibility into ocean shipments. Comprehensive APIs enable data sharing between Dynamic Ocean and other critical shipper systems including TMS and ERP platforms. Major product capabilities include:

● Advanced document management and collaboration features help shippers manage the complex and copious documentation requirements of international shipping, and collaborate with all parties involved in a container move.
o Real-time messaging tools organized around shipments and workflows replace emails and manual processes.
o Automated templates trigger tasks, set permissions, and prepare documentation, including purchase orders, bills of lading, courier instructions and packing lists, among many others.
o Trading partners can collaborate in a secure cloud-based digital hub that contains all critical international shipping documents.
● Superior tracking capabilities leapfrog first-generation screen-scraping techniques to capture more data via multiple sources and with far greater accuracy. Dynamic Ocean sources data from:
o Direct integrations via EDI 315 and APIs with all of the major ocean carriers
o Real-time Automatic Identification System (AIS) data through vessel transponders
o Schedule data across 270,000 ocean lanes, 120 carriers, and 3000+ services
o Terminal data across 100% of terminals in North America and major terminals in Europe
o Dray Carrier Integrations for true multimodal connectivity
● Visibility into bookings via custom APIs with existing transportation management systems (TMS).
● True end-to-end tracking that links ocean to rail, air, over-the-road and yard.
● Deeper insights and analytics with ocean-specific reporting on on-time performance, cycle and transit times, detention and demurrage, and more.

“The documentation requirements, rate management and bookings in international ocean shipping are massive and complex — and when not managed quickly and efficiently, are a major cause of unbudgeted costs and unhappy customers,” said Charlie Cunnion, Vice President, Global Transportation at International Forest Products LLC (IFP). “FourKites’ Dynamic Ocean solution will be a game-changer for IFP. It will further distinguish us from our competition by enabling us to provide customers with transparent shipping schedules and timely documentation, while also providing near real-time visibility into order statuses. This platform mitigates detention and demurrage risks, and will deliver a seamless experience for our customers.”

In a recent Haven survey of 160 senior ocean supply chain leaders, 60% cited their need for better document management, and more than 40% said they intend to upgrade their systems by investing in the further digitalization of their international processes.

“Ocean shipping is extremely complex, with at least six different parties touching a single container, and cumbersome documentation workflows that can account for upwards of 70% of detention and demurrage,” said Mathew Elenjickal, founder and CEO of FourKites. “Together with Haven, we are proud to introduce new end-to-end ocean capabilities that have been sorely lacking in the industry, and that are now mission-critical to effective management of ocean shipments.”

FourKites is the #1 supply chain visibility platform in the world, extending visibility beyond transportation into yards, warehouses, stores and beyond. Tracking more than 1 million shipments daily across road, rail, ocean, air, parcel and courier, and reaching 176 countries, FourKites combines real-time data and powerful machine learning to help companies digitize their end-to-end supply chains. More than 500 of the world’s most recognized brands — including 9 of the top-10 CPG and 18 of the top-20 food and beverage companies — trust FourKites to transform their business and create more agile, efficient and sustainable supply chains. To learn more about FourKites, visit https://www.fourkites.com.

https://www.fourkites.com/platform/ocean-freight-visibility/?utm_medium=press

Recent

More Stories

New Horizon Releases Innovative Functionality for Optimizing Inbound Logistics Scheduling at DCs

ACTON, Massachusetts – September 3, 2024 – New Horizon Soft, LLC, a global leader in AI-powered supply chain planning software, announced today the release of a new version of its Buyers Workbench procurement planning software. The latest version includes the ability to optimally schedule inbound deliveries, taking into account distribution center (DC) receiving capacity, thus minimizing receiving bottlenecks and lowering inbound logistics costs. A research paper describing the innovative methodology and its deployment at an iconic $10B+ U.S. quick-service restaurant chain was recently published in the peer-reviewed academic journal, the International Journal of Operations Research and Information Systems.

Supply chain organizations typically plan purchase orders without regard to DC receiving capacity. This leads to bottlenecks on some days and underutilized staff on others. New Horizon’s methodology, called Master Purchasing Receipt Scheduling (MPRS), uses a novel algorithm to automatically and optimally schedule deliveries. The algorithm plans deliveries at the time of purchase order creation and results in a steady volume of deliveries and lower planning and logistics costs. While first deployed at a restaurant chain, the methodology is applicable to any manufacturer, wholesaler, retailer, or foodservice company operating high-velocity DCs.

Keep ReadingShow less

Featured

Unlimited Service Group Launches New Repair and Maintenance Management Platform, USG Connect

Unlimited Service Group Launches New Repair and Maintenance Management Platform, USG Connect

ADDISON, Ill.--(BUSINESS WIRE)--Unlimited Service Group, a group of local foodservice equipment repair providers, today announced the launch of USG Connect, an innovative new repair and maintenance management platform designed to streamline and simplify the repair and maintenance of commercial kitchen equipment.

USG Connect provides commercial kitchens with a one-stop solution for hassle-free and scalable equipment service. The exclusive platform offers a user-friendly digital experience that allows restaurants, hospitals, hotels and more, to consolidate and manage their service requests into a single maintenance management system. No matter the size of the organization, USG Connect brings the power of 35+ trusted local service brands with more than 125 locations into a consistent service experience for our customers, ensuring seamless and effective management of all foodservice equipment service requests in one, easy-to-use online platform.

Keep ReadingShow less
Princeton TMX Adds Barge Capabilities to Multi-modal TMS

Princeton TMX Adds Barge Capabilities to Multi-modal TMS

August 28, 2024 (Fort Wayne, IN) – Princeton TMX, a leading multi-modal transportation management system (TMS) provider, today announced a strategic partnership with OpenTug, a marine logistics platform dedicated to enhancing freight efficiency on inland and coastal waterways by streamlining booking, quoting and tracking. Integrating OpenTug’s marine logistics capabilities into the Princeton TMX system lets shippers easily book and manage terminal, barge and vessel capacity within the platform.

Princeton TMX’s multi-modal TMS automates complex transactions by simplifying the entire transportation planning and execution process, providing shippers with better rates, better lanes and lower risk. Seamless integration with OpenTug’s digital tool, BargeOS, allows shippers to compare quotes, book capacity and track shipments for barge shipments the same way as over-the-road, rail and intermodal transport. This not only streamlines the transportation management processes but unlocks additional opportunities for operational and financial improvement by enabling shippers to manage their entire transportation operations in a single system.

Keep ReadingShow less
project44 Launches Emissions Monitoring To Improve Supply Chain Sustainability and Compliance

project44 Launches Emissions Monitoring To Improve Supply Chain Sustainability and Compliance

project44, the leader in supply chain visibility and the only High-Velocity Supply Chain Platform, today announced Emissions Monitoring, giving shippers, carriers and LSPs the Scope 3 emissions insights necessary for optimized sustainability decision-making. Emissions Monitoring offers customers precise, GLEC-accredited emissions calculations for shipments across all modes, empowering businesses to track and manage their carbon footprint effectively.

With project44's new sustainability solution available in the Movement by project44 platform, users can streamline their compliance with customizable reporting and reduce their environmental impact with accurate historical emissions data at the mode, shipment, carrier, and lane level. Users are also able to enhance customer satisfaction by measuring positively in ESG reports and delivering on their sustainability promises.

Keep ReadingShow less

Cold Storage Power Supply: BSLBATT forklift lithium batteries support refrigerated applications

Huizhou, China - BSL New Energy Technology Co., Ltd. (Brand: BSLBATT® ), an innovative high-tech company that designs and manufactures smart lithium-ion batteries (50% more efficient than similar products on the market) for industrial forklifts used in the warehousing and distribution industries, has partnered with PF, a major European cold storage customer, to launch the largest fleet of lithium-battery-powered Crown forklift in the cold storage industry, with a deployed capacity of approximately 6.6 megawatt-hours (MWh).

"Lithium-battery systems eliminate time-consuming and expensive maintenance and provide longer life at extreme temperatures, especially in cold environments. As the company converts all existing and future material handling equipment to lithium batteries, the fleet will run better, longer, and consume less power."

Keep ReadingShow less