FourKites Supports Enhanced ETAs for Air Freight Shipments
Supply chain visibility platform provider FourKites has launched a tool that provides Estimated Time of Arrival (ETA) data for air cargo shipments, claiming it can increase the confidence of users in a mode of transportation that is notoriously difficult to track even though it is typically used for the most critical shipments.
The Chicago-based company said its “Dynamic ETA for Air” product would allow shippers, carriers and third-party logistics providers (3PLs) to use predictive ETAs to optimize downstream planning, reduce time and expense for operators. manual monitoring and traceability efforts. , and increase customer satisfaction.
The product comes as brands increasingly turn to air freight to expedite their freight, as inventory delays continue to disrupt many supply chains. And they pay dearly for that speed: FourKites estimates that air travel costs 4 to 5 times that of road transport and up to 16 times that of the ocean.
Despite the cost, shippers continue to turn to air freight for their most critical or urgent cargo, including pharmaceutical and medical products, perishable agricultural and seafood products, emergency spare parts shipments or simply the goods for which customers demand the fastest delivery, FourKites mentioned.
The company says its new product provides ETAs on 100% of air cargo and is accurate to less than 9 hours, marking a big improvement over current systems that provide ETAs for only 40% of shipments with error rates. up to two days.
FourKites announced the tool after landing $ 100 million in venture capital in March, acquiring global trade data provider Haven Inc. in April, and launching a tool for managing marine shipments.
With the release of Dynamic ETA® for Air from FourKites, businesses can track 100% of air cargo with greater accuracy than ever before. Read more: https://t.co/C7RJGpMGXQ#air freight # shipping #Technology #innovation #product launch #logistiquenews #supply chain #technews
– FourKites (@FourKites) June 24, 2021