FourKites, a provider of real-time supply chain visibility solutions, recently announced its acquisition of Haven, Inc., and the introduction of Dynamic OceanSM, an end-to-end visibility solution for international ocean shipments. The solution integrates document management capabilities, collaboration features, support for bookings and end-to-end real-time tracking. FourKites’ new solution builds on technologies gained through its acquisition of Haven, a provider of international ocean shipping, document management and tracking.
“Haven is thrilled to bring our team and expertise in SaaS, supply chain and ocean tracking to FourKites, a company that pioneered real-time freight visibility and shares our vision for more automated, collaborative supply chains,” said Brad Klaus, CEO at Haven. “There is nothing like Dynamic Ocean in the market. It is a true game-changer for organizations that ship internationally via ocean.”
Capabilities of the new product include:
- Document management and collaboration features
- Real-time messaging tools organized around shipments and workflows
- Automated templates trigger tasks, set permissions, and prepare documentation
- A secure cloud-based digital hub for critical international shipping documents.
- Visibility into bookings via custom APIs with existing transportation management systems
- End-to-end tracking that links ocean to rail, air, over-the-road and yard.
- Insights and analytics with ocean-specific reporting on on-time performance, cycle and transit times, detention and demurrage
“Ocean shipping is extremely complex, with at least six different parties touching a single container, and cumbersome documentation workflows that can account for upwards of 70% of detention and demurrage,” said Mathew Elenjickal, founder and CEO of FourKites. “Together with Haven, we are proud to introduce new end-to-end ocean capabilities that have been sorely lacking in the industry, and that are now mission-critical to effective management of ocean shipments.”
About FourKites
FourKites a the top global supply chain visibility platform, extending visibility beyond transportation into yards, warehouses, stores and beyond. Tracking more than 1 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.
