FourKites and BuyCo Team Up to Improve Ocean Freight Management
This new partnership will help companies track shipments in real time, reduce carbon emissions, and better manage their inventories.
FourKites, a leader in real-time tracking for supply chains, and shipping platform BuyCo are teaming up to offer big companies better visibility across both inland and ocean shipments. This new partnership will help companies plan, book and track shipments in real time, reduce carbon emissions, and better manage their inventories.
This collaboration is designed to make shipping processes smoother for high-volume global shippers. It aims to create greener, more efficient supply chains and improve how these companies execute their shipping needs. By working together, BuyCo and FourKites are giving these companies new tools to handle their shipments more effectively, making them stand out for their service and reliability, even as the shipping industry faces increasingly volatile and unpredictable market conditions.
“Ocean shipping is extremely complex, with numerous stakeholders and cumbersome documentation workflows that can account for upwards of 70% of detention and demurrage,” said FourKites founder and CEO Mathew Elenjickal. “Together with BuyCo, we are filling a significant gap in the industry, enabling shippers to efficiently manage all container shipping operations and gain real-time, end-to-end visibility in one integrated solution.”
BuyCo's network includes 97% of the world's container shipping capacity, letting companies easily find and book the best shipping options based on cost, carbon footprint, expected arrival times, and more. BuyCo supports the entire shipping process, making everything from booking to managing documents easier.
Simultaneously, FourKites provides exceptional tracking capabilities, using advanced technology to monitor shipments, identify potential problems, and make the supply chain more efficient. It has the largest network of supply chain data on the planet, tracking over 3.2 million shipments daily, covering over 70 billion miles annually, and collecting detailed data to help companies save money and better serve their customers.
Carl Lauron, CEO of BuyCo, shared his enthusiasm about the partnership, highlighting it as a major step forward in giving shippers full insight into their container shipments from the moment they leave until they arrive at their destination.
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