* California - Port of L.A. testing mobile app to speed flow of containerized cargo
-- Los Angeles Mayor Eric Garcetti today announced that Cargomatic, a Los Angeles-based, privately-owned technology company that matches trucking capacity with shipments, is testing its mobile app to speed up the flow of containerized cargo at the Port of Los Angeles... Cargomatic has developed a peel-off shipping concept that it calls the “Cargomatic Free Flow” program, a Web-based solution that optimizes container moves for cargo owners, terminals,and trucking companies. Testing began in early January and preliminary results are encouraging...
(Photo, by JEFF GRITCHEN: Supersizing the Port of Long Beach. Trucks line up on Pier G in the Port of Long Beach) -- San Pedro, CAL, USA - The Trucker News Services - 4 June 2015
* Illinois - FourKites raises $1.25M for trucking logistics
-- Chicago-based FourKites, a provider of trucking logistics for shipping companies and freight brokers, just raised $1.25 million in seed funding, its first round since being founded in 2012... Founder Mathew Elenjickal started FourKites, after spending several years helping to optimize the supply chain for the shipping industry. It was there that he dealt with a lot of trucks and saw the opportunity to provide real-time location information of those trucks. Today, many trucks have GPS systems, but the location information is held in the hands of the trucking companies, said Elenjickal. End customers, such as the shipping companies, that want to know the location or status of the trucks have to pick up the phone and get that information from the trucking companies... With FourKites, that location information is now available online. Shipping companies pay FourKites for that real-time info via a subscription service. At the moment, FourKites has 12 paying customers. And through those customers, it is connected to 250 to 300 trucking companies... Elenjickal would not disclose the subscription price, but said that today, his clients are paying anywhere from $3-$5 to a person to call trucking companies to get location updates. "That's a cost we can eliminate," said Elenjickal... Today, FourKites is tracking more than a thousand loads a day...
Chicago, ILL, USA - VATOR TV News, by Bambi Francisco Roizen - June 3, 2015Labels: trucking industry nerws USA
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