Coyote Logistics, a UPS company and leading global third-party logistics service provider, announced today that it has joined the Blockchain in Trucking Alliance (BiTA).
Founded in 2017 by a team of transportation and technology executives, the alliance was created to encourage the development of uniform blockchain standards in the transportation industry. BiTA’s membership continues to grow, fostering increased collaboration amongst industry leaders.
At a high level, blockchain technology creates a transparent and immutable ledger, digitally documenting the transaction history between all parties involved in the blockchain. The information is stored as a shared, continually evolving database. Blockchain technology is decentralized and secure, promoting trust between all parties involved in virtual interactions.
As it relates to the transportation industry, blockchain supports real-time, transparent information sharing between shippers, carriers, brokers, vendors, and more. From updating tracking information to expediting payments and contracts, blockchain creates a smarter and more connected supply chain.
“Coyote was built upon the conviction that if you foster a culture of smart and adaptive people, develop their collective capabilities, and put industry-leading technology into their hands, we can achieve boundless success,” said Coyote IT Solutions Analyst Stephen Bindbeutel. “BiTA embodies those same guiding principles, which is why we are thrilled to help cultivate this revolutionary technology and work with BiTA to find innovative ways to help improve our industry.”
You can learn more about BiTA, their standards, and how to get involved here.
Founded in 2006 and headquartered in Chicago, Coyote Logistics LLC, a UPS company, is a leading third-party logistics (3PL) service provider in North America. Coyote provides truckload, less-than-truckload, intermodal, air, and ocean brokerage services and transportation management services to more than 14,000 shippers of various sizes and industries. Coyote became a UPS company in August 2015, adding UPS asset utilization, air freight, ocean freight, customs brokerage, and much more to its portfolio of services. Coyote is a proud philanthropic supporter of St. Jude Children’s Research Hospital, for which has raised more than $1.7 million in six years.
Coyote has been widely recognized for its innovation, growth, and culture. In 2017, Coyote was named a Top Workplace by the Chicago Tribune for the seventh consecutive year and Forbes named Coyote to its list of America’s Best Midsize Employers. Selling Power ranked Coyote #23 on its list of 50 Best Companies to Sell For, Food Logistics named Coyote a Top 3PL and Cold Storage Provider, Inbound Logistics named Coyote a Top 100 3PL Provider, and Coyote’s shipper-facing mobile application CoyoteHOWL was awarded a Supply & Demand Chain Executive 100 award. Built in Chicago ranked Coyote #9 on its 2016 list of Top 100 Digital Companies in Chicago. Coyote has also been named to Inbound Logistics‘ 2016 Top 100 3PL Providers list; Food Logistics‘ 2016 Top Green Providers list for its Private Fleet Service; and Transport Topics named Coyote to its list of the Top Brokerage Firms.
Coyote CEO Jeff Silver was named to Crain’s Chicago Business list of ”Who’s Who in Chicago Business” in 2017 and Supply and Demand Chain Executive named Jeff to its Pros to Know list for the fourth year. In September of 2016, Jeff was named ITA CityLights CEO of the Year and a 2016 Food Logistics Champion. In 2011 he was named Ernst & Young Entrepreneur of the Year–Midwest, and in 2014 Chief Executive named him CEO of the Year–Overall Excellence.
Jeff serves on the board for Northwestern University Transportation Center (NUTC) and the MIT School of Engineering Dean’s Advisory Council, and is a member of the Economic Club of Chicago. Chief People Officer and Co-founder Marianne Silver was named to Forbes’ list of 11 Women Who Started Amazing Companies.