FourKites is creating Dynamic Yard, a supply chain visibility product that incorporates predictive estimated time of arrivals (ETA) and yard and warehouse management tools. The company is acquiring the yard management solutions business from TrackX Holdings to make Dynamic Yard possible.
FourKites has acquired TrackX’s Yard Management, Dock Management and Gate Control solutions. These solutions are highly scalable, serving the smallest facilities up to multiple enterprise locations, the company said. The solutions are hardware-agnostic and integrate seamlessly with enterprise resource planning (ERP) and warehouse management systems (WMS), as well as RFID and IoT sensors.
Terms of the transaction were not announced.
“Real-time in-transit data, integrated with real-time yard data, will revolutionize how enterprises manage warehouse and yard activities,” Mathew Elenjickal, FourKites CEO, said. “We are thrilled to combine TrackX’s yard technology with our real-time visibility platform to create Dynamic Yard.”
The new solution combines FourKites’ real-time supply chain visibility platform, which features real-time logistics data and predictive ETAs. FourKites said the new solution will combine the current data set with the information from the yard management tools to connect warehouse and yard operations to in-transit visibility for the first time. The result is that facility managers can anticipate bottlenecks, accelerate gate-in and gate-out processes, shorten on-site time for drivers and optimize inventory across multiple sites, FourKites said.
“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.” Elenjickal said. “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.”
TrackX’s yard management tools offer carrier scheduling, yard jockey task and labor scheduling, dock door productivity management, maintenance/wash bay monitoring, gate house control, and overall yard visibility.
“Today’s announcement represents a huge win for TrackX and FourKites customers,” Tim Harvie, president & CEO of TrackX, said. “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.”