Expeditors Expands Innovative, Sensor-Based Logistics Solutions With Launch of Cargo Signal
September 05 2017 - 8:11PM
Expeditors International of Washington, Inc. (NASDAQ:EXPD), a
leading provider of global logistics solutions, today announced the
introduction of the next generation of its innovative suite of
sensor-based logistics offerings for global supply chains.
Previously available only on shipments moved by Expeditors, this
adaptive technology will be offered on shipments moved by
Expeditors as well as other carriers. These digital services are
powered through the Company’s proprietary, cloud based operating
system which enables unsurpassed visibility and control across air,
ocean and ground transportation providers. Cargo Signal Solutions,
LLC, a wholly-owned subsidiary of Expeditors, will be dedicated to
providing sensor-based solutions that enhance shipment visibility,
integrity and security for customers around the world.
Jeffrey S. Musser, President and Chief Executive Officer for
Expeditors, commented that “The development of Cargo Signal is a
great example of how we innovate through understanding and
responding to industry needs. Three years ago we were hearing from
customers who were frustrated with third-party security and tech
start-ups that did not understand complex global supply
chains. In response, we were the first non-asset based global
logistics provider to launch an integrated, sensor-based offering
for high-risk shipments tied to global transportation services.
More recently, these customers began asking us to provide
sensor-based services not only on the shipments we managed for them
but also on shipments managed by other carriers and logistics
providers. In response to their needs, we have now launched Cargo
Signal.”
Christopher J. McClincy, Senior Vice President and Chief
Information Officer for Expeditors, stated that “Our Cargo Signal
leadership team and technologists are establishing sensor-based,
connected international logistics solutions that will continue to
lead the industry. Relentless vision, execution, and strategic
collaborations with Honeywell, Intel and Sendum, are delivering an
innovation platform that will inspire IoT capabilities across the
supply chain.”
“Visibility that drives true understanding must be rooted in
logistics reality, and that’s our forte,” commented Gene Alger,
President of Global Services for Expeditors. “Our Cargo Signal
platform is based on our deep understanding of international
logistics and the people, processes and technology needed to
deliver the high level of service our customers require. Dots on a
map become powerful, actionable intelligence when paired with our
people who have the experience and judgment to interpret the data
and take timely action on our customers’ behalf to avoid losses and
create more resilient and responsive supply chains.”
Cargo Signal brings new levels of supply chain control and
visibility through digital services powered by a proprietary,
sensor-based logistics system and a 24x7x365 Global Command Center
staffed with seasoned professionals trained in risk management,
logistics and supply chain security. More information on
Cargo Signal is available at www.cargosignal.com
Expeditors is a global logistics company headquartered in
Seattle, Washington. The company employs trained professionals in
177 district offices and numerous branch locations located on six
continents linked into a seamless worldwide network through an
integrated information management system. Services include the
consolidation or forwarding of air and ocean freight, customs
brokerage, vendor consolidation, cargo insurance, time-definite
transportation, order management, warehousing and distribution and
customized logistics solutions.
Disclaimer on Forward-Looking
Statements:Certain portions of this release
contain forward-looking statements which are based on certain
assumptions and expectations of future events that are subject to
risks and uncertainties, including the extent of the benefits to
our Cargo Signal customers. Actual future results and trends may
differ materially from historical results or those projected in any
forward-looking statements depending on a variety of
factors.
CONTACTS:
Gene Alger
President, Global Services
(206) 674-3409
Geoffrey Buscher
Director - Investor Relations
(206) 892-4510
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