We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • ProMat 2023
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • ProMat 2023
    • Upload Your Video
Home » FourKites Awarded Patent for AI-Powered ETA Using Smart Forecasted Arrival Engine
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

FourKites Awarded Patent for AI-Powered ETA Using Smart Forecasted Arrival Engine

June 7, 2021
No Comments

FourKites, the world’s leading real-time supply chain visibility platform, announced it has been awarded U.S. Patent No. 11,017,347 by the US Patent Office for its Smart Forecasted Arrival (SFA) capabilities, which provide companies with highly frequent and accurate ETAs for freight in transit — even when that truck lacks any technology to transmit location data. SFA is now available to FourKites customers globally, extending the benefits of real-time visibility to freight that would otherwise be invisible to modern supply chain management solutions.

Even as companies worldwide accelerate their investments in real-time transportation visibility platforms (RTTVPs) to better track and manage their freight in transit, they have been hindered by the portion of loads that previously couldn’t be tracked, usually due to the lack of electronic logging devices (ELD) onboard, errors in asset assignments or carrier compliance issues. SFA solves this longstanding problem by applying cutting-edge artificial neural networking (ANN) and machine learning (ML) technologies to the industry’s largest supply chain data network. SFA is able to estimate the location of freight in transit based on other signals and data in the network, ultimately providing ETAs on 97% of untracked loads with 85% accuracy. The system correctly predicts late loads more than 90% of the time. This further strengthens FourKites Tracking Quality Guarantee, which establishes the highest standards in supply chain data quality across all modes.

SFA removes blind spots and compensates for poor-quality or even a complete lack of tracking data. Its breakthrough capabilities are underpinned by the unrivalled breadth and sophistication of FourKites’ platform, which tracks 70 billion miles across 275,000 distinct stops, and churns out 1 billion ETAs each year. FourKites’ continued track record of industry-first innovations help companies reduce fines and lower inventory, maximize productivity, drive operational efficiencies and improve customer service.

“Smart Forecasted Arrival is a much-needed breakthrough for the real-time transportation visibility software category, and a perfect illustration of the unique power of the FourKites global network,” said FourKites CEO and Founder Mathew Elenjickal. “Thanks to our first-mover advantage, we have the densest shipper ecosystem in the entire world, creating the most robust and highest-quality visibility data set. Paired with our unmatched investment in our world-class data science team, we are years ahead of our competitors in offering these kinds of leapfrog capabilities to the market. Starting today, FourKites customers can get frequent and highly accurate ETAs on every single load.”

Smart Forecasted Arrival is available immediately to all FourKites customers. For more information, contact FourKites. Register for FourKites’ upcoming End-to-End Supply Chain Optimization Summit to hear about how the world’s most successful brands are leveraging new technologies to enable end-to-end multimodal visibility and create a more autonomous and intelligent supply network.

FourKites® is the #1 supply chain visibility platform in the world, extending visibility beyond transportation into yards, warehouses, stores and beyond. Tracking more than 2 million shipments daily across road, rail, ocean, air, parcel and courier, and reaching 176 countries, FourKites combines real-time data and powerful machine learning to help companies digitize their end-to-end supply chains. More than 500 of the world’s most recognized brands — including 9 of the top-10 CPG and 18 of the top-20 food and beverage companies — trust FourKites to transform their business and create more agile, efficient and sustainable supply chains. To learn more, visit https://www.fourkites.com/.

https://www.fourkites.com
Submit your logistics, material handling, or supply chain related company news in DC VELOCITY's Industry Press Room section or New Products section
Transportation Technology Supply Chain Services
KEYWORDS FourKites, Inc.
    • Related Articles

      FourKites Awarded Patent for Unprecedented Visibility into End-to-End Ocean Documentation

      FourKites Introduces Industry-First ETA Solution for Air Freight: Dynamic ETA® for Air

      StreamTech Awarded Patent for FoldSerter Intelligent Pack Slip Print Fold Inserter

    You must login or register in order to post a comment.

    Report Abusive Comment

    Most Popular Articles

    • U.S. manufacturing resurgence faces headwinds

    • FedEx pilots a trailer-loading robot with twin arms

    • GE Appliances unveils $450 million upgrade to manufacturing plant in KY

    • Peak season for intermodal arrives with a whimper, as slack demand depresses volumes

    • Fernride raises $50 million backing for its autonomous, electric trucks

    Now Playing on DCV-TV

    8022fd6a 1015 4e8b 9a40 4a5ac7c4f23d

    Take the guess work out of managing your forklift fleet

    DCV-TV 4: Viewer Contributed
    Intense materials handling operations can’t leave performance to chance. If you don’t know what’s happening with your forklift fleet – like truck location, utilization or maintenance needs – is your decision making really on solid ground? The Hyster Tracker wireless fleet management system offers real-time...

    FEATURED WHITE PAPERS

    • Rodent Radar: A Guide To Help Protect Your Business From Rodents

    • The Value of Genuine Parts and Service

    • Five questions to ask before electrifying your indoor forklift fleet

    • Unlock Success with Our Freight Tech Checklist!

    View More

    Subscribe to DC Velocity Magazine

    GET YOUR FREE SUBSCRIPTION
    • SUBSCRIBE
    • NEWSLETTERS
    • ADVERTISING
    • CUSTOMER CARE
    • CONTACT
    • ABOUT
    • STAFF
    • PRIVACY POLICY

    Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing