FourKites, Inc.

Chicago,  IL 
United States
https://www.fourkites.com/
  • Booth: 3203

FourKites is the largest predictive supply chain visibility platform, delivering real-time visibility and predictive analytics for the broadest network of Global 1000 companies and third-party logistics firms. Using a proprietary algorithm to calculate shipment arrival times, FourKites enables customers to lower operating costs, improve on-time performance and strengthen end-customer relationships. FourKites’ network spans millions of GPS/ELD devices in 176+ countries and covers all modes, including truckload, LTL, ocean, rail, air, intermodal, courier and parcel, and extends real-time visibility into the yard. FourKites has 2 million loads and over $100 billion in freight under management at any given time. The platform is optimized for mobile and equipped with market-leading end-to-end security. For more information, visit www.fourkites.com.


 Press Releases

  • Leading global retailers, including Ace Hardware, PetSmart, Walmart Canada, Dollar Tree, Michaels and Meijer choose FourKites to improve OTIF and reduce dwell time

    CHICAGO – May 19, 2020 – FourKites®, the #1 real-time supply chain visibility platform, today announced that its momentum in the retail sector continues to accelerate, as evidenced by unprecedented growth in new customers, total shipments tracked, miles travelled, carriers onboarded and geographies covered, amongst other key metrics. Critically, FourKites’ retail customers increased on-time, in-full (OTIF) deliveries by 38% and reduced dwell time by 14% between October 2020 to March 2021, compared to the six months prior.

    Over the last six months, FourKites’ retail customer base grew by 20%; tracked shipments increased 77% in North America, 52% in Europe and 158% in Asia Pacific; and carrier onboarding rose 30% to a total carrier count of nearly 600. Moreover, total miles travelled by FourKites retail customers were up 117%, to just under 2 billion miles. Notably, during a period in which consumer behavior has demonstrably shifted to ecommerce, FourKites saw a 67% growth in LTL shipments and 152% growth in parcel shipments over the last six months.

    FourKites was recently recognized in the 2021 Gartner Magic Quadrant for Real-Time Transportation Visibility Platforms for its ability to execute and with the furthest completeness of vision out of 14 companies evaluated. Gartner also recognized FourKites for its particular expertise in the Retail industry.

    As shipping volumes increase and more retailers leverage the platform, FourKites continues to exercise its vision and deliver industry-first innovations specifically designed for, and often in collaboration with, its retail customers. Recent new capabilities and enhancements include:

    • FourKites Retail Manager and Merchandiser Apps provide users with real-time shipment tracking and predicted ETAs via their mobile devices so they can spend more time re-stocking and working on promotions instead of waiting for late shipments or dashing from store to store. FourKites’ solution also enables direct messaging with the driver, keeps a record of all past deliveries and provides ETAs for the next day’s shipments.

    “Our store managers use the FourKites Manager App,” said Adrian Santos, corporate director of transportation at Grocery Outlet. “It helps them manage labor better while giving the transport team more visibility in coordinating the final-mile deliveries.”

    • Recent enhancements to Appointment Manager make calendar blocks more flexible, helping stores better manage back-room operations and optimize labor to focus on sales and customer service.
    • Inbound shipment visibility: FourKites’ Network Visibility has been enhanced to allow retailers, vendors and carriers to see and collaborate on inbound pre-paid shipments to optimize staffing and manage capacity. More than 50,000 shipments are shared with retailers on a monthly basis.
    • FourKites is the only real-time visibility platform that offers multimodal SKU-level tracking, enabling customers to track shipments across their entire lifecycle using their associated PO number. FourKites co-innovated this solution together with major grocery retailer Meijer. The retailer ties real-time transportation visibility to purchase orders — not just loads — in order to optimize delivery of over 220,000 active SKUs to its 250+ stores.

    “Visibility has been hugely valuable for us, and as a large retailer and shipper, adding PO lifecycle visibility means we can identify critical orders faster, eliminate inefficiencies and make better decisions on lead times,” said Paul Thompson, Inbound Logistics Director, Meijer.

    • Instant Messenger: FourKites enhanced its instant messaging features to enable workers in track-and-trace and dispatch, drivers and warehouse personnel to share documents, photographs and notes for any given load.
    • Direct Store Delivery: New Direct Store Delivery tracking enables FourKites users to track last-mile shipments from local warehouses to retail outlets, giving retail workers immediate visibility into shipment ETA via their mobile devices.

    To learn more about FourKites real-time visibility innovations for retailers, visit https://www.fourkites.com/industries/retail/.

    About FourKites

    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/.

  • Integration of transportation, supply and warehouse management systems with order-level detail breaks down silos and creates new opportunities for supply chain optimization

    CHICAGO — September 28, 2021 — FourKites®, the world’s leading real-time supply chain visibility platform, today introduced its Order Intelligence Hub, a new single-pane-of-glass view of the entire lifecycle of every order. By integrating order data, load information across modes, yard shipments, inventory visibility and other critical third-party systems, such as warehouse management systems and order management systems, shippers and their supply chain partners now have a powerful new tool to eliminate inefficiencies, manage exceptions, reduce expenses and increase customer satisfaction at every step of an order’s journey. With the goal of breaking down silos across systems, this solution was developed in close collaboration with major consumer packaged goods (CPG) customers and driven by insights from some of the largest companies in the Consumer Brand Association, which champions more than 1,700 leading CPG brands.

    As part of the recently announced Supply Chain Health and Performance Task Force, the mission of which is to increase visibility and ease supply chain pressures across the CPG industry, FourKites worked closely with Consumer Brands and 15 of its members to identify common pain points and create a solution that would address those challenges by breaking down silos between teams and systems, and leveraging the scale of the FourKites network to provide unprecedented visibility into the CPG supply chain ecosystem. Through shared dashboards, participating members can take advantage of a real-time view of facilities, lanes and interchanges causing the most inefficiencies for CPG companies. With Order Intelligence Hub, users can drill down into the line-item level impacts of bottlenecks, and can then collaborate across teams to resolve those inefficiencies.

    “Collaboration is essential for building modern, resilient supply chains,” said Tom Madrecki, vice president of supply chain and logistics at Consumer Brands. “The Supply Chain Health and Performance Task Force — in partnership with FourKites — is bringing more visibility, agility and data sharing to our supply chain, allowing the CPG industry to better navigate future challenges and ensure the reliable delivery of essential goods.

    By eliminating silos and integrating disparate systems, FourKites’ Order Intelligence Hub enables collaboration and insight throughout the lifecycle of every order. Teams can much more effectively manage exceptions by identifying issues and their root causes in real time, anywhere. Customizable, persona-based dashboards provide every stakeholder group — from supply planning through to customer service and facilities management — with the data and metrics that matter most to them. And the entire community benefits from FourKites‘ market-leading network data set, collected via working with more of the world’s leading brands than any other visibility provider, including 18 of the top-20 F&B brands and nine of the top-10 CPG companies.

    “The Order Intelligence Hub is a big milestone as we execute on our vision to connect the physical and digital worlds of warehouses, stores and transportation with real-time data and machine learning,” said Mathew Elenjickal, founder and CEO of FourKites. “Collaborating with our customers and other industry leaders, like Consumer Brands, in product development has enabled us to bring to market some of the most innovative solutions that address the industry’s most critical pain points.”

    With the Order Intelligence Hub, FourKites builds on its long history of industry-first innovations, including multimodal purchase order tracking, which provides line-item level shipment detail using PO numbers, and Dynamic Yard, which gives enterprises the ability to proactively manage all of their facilities based on real-time, in-yard freight data and analytics.

    About FourKites

    FourKites® is the #1 global supply chain visibility platform, 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 620 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/.

  • FourKites named a Leader for its ability to execute and completeness of vision, having been evaluated based on market understanding, business model, vertical/industry strategy and other criteria

    CHICAGO – April 19, 2021 – FourKites®, the #1 real-time supply chain visibility platform, today announced that it was named a Leader in the 2021 Gartner Magic Quadrant for Real-Time Transportation Visibility Platforms1. Out of 14 vendors evaluated, FourKites was the only company positioned in the Leaders quadrant with the highest Completeness of Vision.

    FourKites pioneered real-time transportation visibility in 2014, and is now leading the industry into a new era where global supply chains are powered and optimized by real-time visibility data and machine learning. Recognized as a “company of firsts”, FourKites delivered more than 120 new products and features in 2020 alone, including a number of industry-firsts such as multimodal end-to-end purchase order tracking; Appointment Manager℠, an automated appointment scheduling platform for facilities, shippers and carriers; a new software category — Dynamic Yard® — that extends visibility into warehouses and yards; and Dynamic Ocean℠, a next-generation international ocean visibility solution that encompasses advanced document management capabilities, robust collaboration features and support for bookings, with superior end-to-end real-time tracking.

    Through its recent $100 million Series D financing round, led by Thomas H. Lee Partners, L.P., with strategic investors including Qualcomm Ventures, LLC, Volvo Group Venture Capital AB and Zebra Technologies, FourKites is now poised to fuel a broader vision for the future of digital supply chains — one that connects the physical and digital worlds of warehouses, stores and transportation to enable true end-to-end visibility and unlock tremendous value for the entire ecosystem, fueling even greater automation and collaboration.

    “FourKites’ recognition as a Leader in the Gartner Magic Quadrant follows a year of record growth, momentum and technological innovation, driven in close collaboration with customers,” said Mathew Elenjickal, founder and CEO of FourKites. “This is a testament to the value we continue to bring to our customers, and recognition of our vision for the future of supply chain management and automation — one that focuses on eliminating barriers across supply chains and delivering true, end-to-end global supply chain visibility.”

    Collaboration with the world’s largest shippers continues to play a critical part in FourKites’ technology roadmap, as together with its customers FourKites innovates and delivers solutions that address the industry’s most pressing needs. In the last year alone, FourKites released the industry’s first end-to-end purchase order lifecycle tracking solution, which was developed in conjunction with Meijer, one of the largest food retailers and wholesalers in the country. In addition, FourKites partnered with Cardinal Health to build a cognitive supply chain and serve as the company’s central data hub to create a fast, reliable and frictionless experience for the 29,000 pharmacies and nearly 90 percent of American hospitals that depend upon Cardinal Health for critical supplies.

    “Delivery of healthcare products directly impacts patients, and ensuring these products reach their destinations on time and in full has never been more critical. This type of transparency helps build trust in the connection between the Cardinal Health supply chain and our customers,” said Sean Halligan, Senior Vice President of Pharmaceutical Operations at Cardinal Health. “By partnering with FourKites, we will have end-to-end visibility to see products in transit and make any necessary adjustments to provide a frictionless experience to our customers everywhere and help them better serve their patients.”

    Today, the FourKites platform tracks more than 2 million shipments per day for some of the world’s largest companies including Coca-Cola, Dow, Eastman, PetSmart, The Michaels Companies, Land O’Lakes, AB InBev, Constellation Brands and 3M. FourKites saw demand for its superior network of logistics tracking data and proprietary machine learning technology surge in 2020, as evidenced by record global growth in new shipping customers across all major verticals. In 2020, FourKites saw:

    • Greater than 100% growth in total shipment volumes, including ocean load growth of 149%, and rail and intermodal growth of 49%.
    • International load volume growth of 200%, including a 400%+ increase in tracked loads in EMEA and 95%+ growth in LATAM.
    • 67% increase in carriers onboarded, with more than 350 carriers, brokers and 3PLs qualifying as Premier Carriers.
    • 63% increase in the number of drivers — now totaling 377,000 individuals — using its CarrierLink mobile app.
    • Greater than 70% growth in connected facilities, now totaling over 6 million individual facilities

    The Gartner report also highlighted FourKites’ strong customer presence across key verticals, including food and beverage, consumer packaged goods, chemicals, manufacturing, paper and packaging, pharmaceuticals and retail as one of the key strengths that helps us qualify as a partner of choice. FourKites works with more enterprise companies valued at over $1 billion than any other vendor in the Magic Quadrant, and the company has received the highest volume of four and five-star reviews on Gartner Peer Insights (specifically, of 96 reviews as of April 19, 2021, 97% are four- and five-star ratings), a platform for public peer reviews on solutions.

    What customers are saying on Gartner Peer Insights:

    • “The visibility platform’s multimodal global capabilities enables our organization to have a single pane of glass across the globe. This coupled with FourKites customer-focused product roadmap makes our organization comfortable with the abilities in place today and excited about the future potential.” – Supply Chain Architect in Manufacturing
    • “The product is a game-changer in that we now can tell where our client’s freight is at any time. In the past, we had to rely on our carriers to communicate via phone/email these updates which is way too manual. For our clients, they expect us to be proactive and FourKites gives us that capability.” – Sourcing, Procurement & Vendor Management in Transportation
    • “We are finding great value in letting the FourKites system do the work behind the scenes. FourKites allows our business to focus on value-added processes and alert them to only desired urgent issues.” – Supply Chain Manager in Manufacturing

    1Gartner, “Magic Quadrant for Real-Time Transportation Visibility Platforms,” Bart De Muynck, Carly West, 14 April 2021.

    Gartner Disclaimer:

    Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

    About FourKites

    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 half of the Fortune 500, 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 about FourKites, visit https://www.fourkites.com.

  • Market leader’s data science innovations yield highly accurate ETAs for 100% of ocean shipments, along with powerful new tools to mitigate detention and demurrage risk

    CHICAGO — October 19, 2021 — FourKites®, the world’s leading real-time supply chain visibility platform, today introduced Dynamic ETA® for Ocean, a new AI-powered innovation as part of its Dynamic Ocean℠ offering. The new enhancement provides shippers, carriers and 3PLs with the market’s most accurate estimated times of arrival (ETAs) for 100% of their ocean shipments across all lanes worldwide. In addition, the company has rolled out new capabilities for monitoring and mitigating demurrage and detention risks. With these new enhancements, FourKites now provides the most advanced and robust solution on the market for real-time and predictive ocean visibility, exception management and cost controls. FourKites’ announcement comes on the heels of President Biden’s executive order calling for 24/7 operations at the Ports of Los Angeles and Long Beach to ease supply chain bottlenecks.

    These powerful new tools were designed in direct response to the ongoing disruptions in ocean shipping that have delayed shipments, causing fees and related expenses to soar. Port congestion, vessel delays, and incorrect or incomplete documentation are common challenges for ocean shippers during normal times; the global container shortage, port shutdowns, natural disasters, the COVID-19 pandemic and other recent incidents have exacerbated these issues and caused an accumulation of demurrage and detention fees that are reaching thousands of dollars per container per day — and which can rise into millions of dollars in annual transportation costs for shippers.

    FourKites’ new Dynamic ETA for Ocean provides real-time, automated and predictive ETAs that are 20% to 40% more accurate than carrier-generated ETAs. This new AI-driven capability is based on FourKites’ patented Smart Forecasted Arrival technology, and brings together voyage and routing data and captain data, alongside more than 5TB of historical Automatic Identification System (AIS) vessel data and 6 million port-to-port trips across 100,000 lanes worldwide over the last two years.

    “FourKites’ automated reporting and tracking for ocean shipments provides more accurate and real-time data,” said Bob Hayes, Vice President of Global Supply Chain at Canfor. “This allows Canfor to respond to customer inquiries quicker and with up-to-date information on our upcoming shipments that would have otherwise had to be manually tracked.”

    FourKites has also introduced a suite of new demurrage and detention tools that provide customers with an early warning solution and actionable insights, replacing the manual and/or spreadsheet-driven approaches used by most shippers. These tools include:

    • Exception Dashboards that monitor the containers that are (or likely will) incur detention and demurrage fees, and provide real-time rerouting alerts and dwell time notifications for all ocean shipments. Customers can prioritize containers that are currently accumulating fees or that are at risk of incurring penalties, and estimate the costs that are being incurred to minimize transportation fees.
    • Notifications and Alerts for containers that are (or soon will be) incurring demurrage and detention fees, giving customers the ability to minimize their impact on transportation costs and proactively manage customer satisfaction.
    • Analytics Dashboards that provide performance trends by lane, carrier, stop and other areas, so customers can identify systemic problems, improve strategic decision-making, and minimize detention and demurrage costs.

    “Ocean shipping is an indispensable mode of transport that comes with a great deal of uncertainty and risk,” said Chris Stauber, Vice President of Product – Ocean/Air at FourKites. “Today’s release of the industry’s most accurate predictive ETAs for ocean freight, together with our new monitoring and management tools for detention and demurrage, gives shippers the powerful capabilities they need to effectively manage and mitigate rising transportation costs during a time of constant upheaval.”

    As ongoing disruption continues to impact global supply chains, FourKites has seen unprecedented growth in its ocean visibility platform. Over the last 12 months, FourKites has seen 450% growth in ocean loads tracked, and 40% growth quarter over quarter. Since launching Dynamic Ocean in April 2021, which covers 98% of global ocean shipments, 100% of terminals in North America and the majority of terminals in Europe, FourKites has seen a 50% increase in ocean visibility customers, including Yara International, International Forest Products and Zebra Technologies.

    About FourKites

    FourKites® is a leading global supply chain visibility platform, 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 620 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/.


 Products

  • Real-Time Transportation Visibility Platform
    The #1 global supply chain visibility platform trusted by the world’s most recognized brands. The difference is the data, innovation and results that only FourKites can offer....

  • FourKites Real-Time Transportation Visibility uses the world’s broadest data network and a proprietary predictive algorithm to calculate shipment arrival times—enabling customers to lower their operating costs, improve on-time performance, and strengthen their end-customer relationships. With a network of more than four million GPS/ELD devices, FourKites covers all modes, including ocean, air, rail, parcel, over-the-road, and every transfer in between.
  • Dynamic Ocean
    Transform your ocean shipping with real-time visibility, document management, collaboration and much more....

  • Dynamic Ocean redefines international shipping with a true end-to-end freight tracking and management solution. This next-generation platform delivers the industry’s most accurate predictive ETAs, a collaborative digital document hub to streamline  highly regulated and complex processes, and seamless rate management and booking support. With 99% of global container traffic and more than 750 ports in our network, customers see expedited flow of goods through busy ports and significantly reduced detention and demurrage costs, while improving customer satisfaction.
  • Dynamic Yard
    True end-to-end visibility with real-time tracking of in-transit and in-yard freight – all in one comprehensive solution....

  • Dynamic Yard is the world’s most advanced YMS, combining real-time freight tracking with long overdue improved visibility into your yard operations, optimizing warehouse efficiency and driving ROI back to every other business function. Manage freight and equipment from gate to dock, gain SKU-level visibility into trailers waiting in the yard, streamline scheduling, optimize door performance and more. With increased productivity, more agility, and lower detention and dwell costs, Dynamic Yard helps you transform your business to make your yard an agile, interconnected part of your supply chain.