I.D. Systems has signed a three-year extension of its current contract to provide its VeriWise trailer tracking and management services to Walmart’s trailer fleet. The contract extension, which runs through October 2017, has a maximum aggregate value of approximately $14 million, the company said.
“Walmart has been a longtime customer of I.D. Systems, for both our transportation asset management and vehicle management systems,” said Kenneth Ehrman, I.D. Systems’ chairman and CEO. “We are delighted to continue our strong relationship with the world’s largest retailer.”
VeriWise asset tracking systems combine sensor, wireless, and web technologies to provide real-time visibility and control of trailers and their cargo. The systems automatically identify, analyze, and respond to critical transportation issues to improve the efficiency and security of logistics operations.
I.D. Systems offers VeriWise systems for dry van, intermodal, chassis, and refrigerated units. The company also offers VeriWise Track & Trace, a low-cost, 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, easy, flexible installation on a wide range of cargo-carrying assets.