Swift Transportation (SWFT) to Deploy I.D. Systems (IDSY) VeriWise in Certain Containers
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Swift Transportation Company (NYSE: SWFT) has entered into a contract with I.D. Systems (Nasdaq: IDSY), to deploy the company's VeriWise transportation asset management system on domestic intermodal containers. The contract is valued at approximately $3.1 million over five years.
The VeriWise solution, engineered by I.D. Systems' Asset Intelligence subsidiary, is designed to improve the efficiency and security of transportation fleets by providing real-time data via on-asset sensors, satellite communications, and web-based software. The system's capabilities include motion detection to identify the start and end of each drive segment, a patented cargo sensor that monitors the full length of a container to determine its load status, and patented power management technology for long, maintenance-free battery life.
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The VeriWise solution, engineered by I.D. Systems' Asset Intelligence subsidiary, is designed to improve the efficiency and security of transportation fleets by providing real-time data via on-asset sensors, satellite communications, and web-based software. The system's capabilities include motion detection to identify the start and end of each drive segment, a patented cargo sensor that monitors the full length of a container to determine its load status, and patented power management technology for long, maintenance-free battery life.
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