FourKites, a real-time supply chain visibility platform, recently introduced Dynamic ETA for LTL. Shippers, carriers and 3PLs can track less-than-truckload shipments from pre-pickup to proof of delivery, with accurate, dynamic and automated estimated arrival times. This accuracy in LTL tracking means the supply chain can now take greater advantage of a more cost-effective mode of freight transport. Dynamic ETA for LTL includes automated PRO number generation and comprehensive document retrieval capabilities to streamline processing and keep supply chain partners more informed and aligned.
“The ability to proactively manage exceptions for LTL shipments means better planning, smoother operations and improved visibility for customers,” said Dustin Braun, Senior Director – Logistics at Land O’ Lakes. “Predicting accurate arrival times for LTL loads has always been one of the harder problems in supply chain. This is a genuine breakthrough in real-time visibility, and we are happy to have collaborated with FourKites to help make this innovation happen.”
FourKites is using machine learning algorithms to analyze millions of LTL loads across more than three billion transit miles. In doing so, FourKites is able to generate an and accurate LTL ETA model that applies to all shippers in every geography. In addition, FourKites now automatically generates and assigns a PRO number when LTL loads are created, providing greater visibility and eliminating time spent searching for PRO numbers and matching them to freight. Proof of delivery and other documentation is provided electronically and is accessible to all parties,.
“The Dynamic ETA for LTL and automated document retrieval capabilities we are announcing today are transformational,” said Priya Rajagopalan, Chief Product Officer at FourKites. “LTL shipments can be far more cost-effective for palletized products, but notoriously unpredictable arrival times are a real issue. Our new Dynamic ETA capability changes that overnight, and at an opportune time. Greater use of LTL shipments can help meet increasing demand for ecommerce orders, as well as move emergency goods faster to their destinations because shippers will no longer need to assemble full truckloads of goods before shipping.”
FourKites is the largest predictive supply chain visibility platform, delivering real-time visibility and predictive analytics for the broadest network of Global 1000 companies and third-party logistics firms. Using a proprietary algorithm to calculate shipment arrival times, FourKites enables customers to lower operating costs, improve on-time performance and strengthen end-customer relationships. With a network that spans millions of GPS/ELD devices, FourKites covers all modes, including truckload, LTL, ocean, rail, air, intermodal and parcel. The platform is optimized for mobile and equipped with market-leading end-to-end security.
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