PLANO, Texas, April 12, 2011 (GLOBE NEWSWIRE) -- Asset Intelligence, a leading provider of supply chain asset tracking solutions and a subsidiary of I.D. Systems, Inc. (Nasdaq:IDSY), today announced that it has executed a contract with Buchanan Hauling and Rigging, Inc. to deploy its VeriWise™ Track & Trace asset management system on Buchanan's fleet of flatbed trailers. The initial term of the contract is five years.
Buchanan specializes in transporting automotive parts, steel, and machinery using a variety of flatbed and specialty trailers. The company is based in Fort Wayne, Indiana, with additional facilities in Indianapolis, Indiana, Pittsburgh, Pennsylvania, and Laredo, Texas.
VeriWise Track & Trace is an easy-to-deploy asset tracking system that provides real-time data to improve the efficiency and security of trailer and container fleets. It is designed for quick, flexible installation on a wide range of cargo-carrying assets, with patented power management technology to provide exceptionally long battery life and years of maintenance-free operation.
"We selected VeriWise Track & Trace for its proven reliability and cost-effectiveness in monitoring trailer location and status in real time," said Buchanan's President and CEO, Geary Buchanan. "In addition, we found Track & Trace unique in its ability to be installed quickly in a covert location on our flatbeds, which will keep our implementation and support costs at a minimum."
Daniel Rutherford, Buchanan's Chief Financial Officer, added, "VeriWise Track & Trace has met or exceeded our return on investment expectations. It has eliminated the need for our terminal managers to conduct daily yard checks, enabled us to focus much more on maintaining trailer operating condition and uptime, and significantly reduced the cost and time we spend on roadside service failures. In addition, Track & Trace saves us time, fuel, and money by helping us optimize trailer inventory, pick-up locations, and truck dispatching."
"We are happy to have Buchanan join our growing list of clients," said Darryl Miller, Chief Operating Officer of I.D. Systems. "It is gratifying that the cost-effectiveness and easy installation of Track & Trace enables transportation companies like Buchanan to realize significant cost reductions and customer service benefits essentially right out of the box."
About I.D. Systems and Asset Intelligence
Based in Woodcliff Lake, New Jersey, with subsidiaries in Germany and the United Kingdom, I.D. Systems is a leading provider of solutions for securing, controlling, tracking, and managing high-value enterprise assets, including vehicles, powered equipment, trailers, containers, baggage, and cargo. The Company's patented technologies address the needs of organizations to monitor and analyze their assets to improve safety, security, efficiency, and productivity. For more information, visit .
Asset Intelligence, a subsidiary of I.D. Systems based in Plano, Texas, is a leading provider of trailer and container tracking solutions for manufacturers, retailers, shippers and freight transportation providers. It offers a full range of solutions to improve safety, security and productivity throughout global supply chains.
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