I.D. Systems' Asset Intelligence Unit Receives $3.1 Million Order From Swift to Monitor and Manage Container Fleet
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.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.