JERSEY CITY, N.J. - CargoNet, a Verisk (Nasdaq:VRSK) business and the nation's leader in cargo theft recovery, intelligence, and analytics, and 7PSolutions (7P), a global leader in GPS supply chain management tools, jointly announced today that they will work together to aid mutual clients in reducing cargo theft and recovering stolen cargo.
This alliance will benefit the two organizations' customers by providing access to a best-in-class, layered approach to reducing cargo theft risk. The combination of 7P's real-time GPS technology with CargoNet's 24/7/365 recovery support center, expansive law enforcement communication platform, and cargo theft data can significantly increase the likelihood of recovery after a theft.
"CargoNet is excited to announce this alliance, which will provide our customers with innovative solutions that combine our cargo theft loss data with leading technology tools," said CargoNet general manager Anthony Canale. "The use of cargo theft data to mitigate risk is valuable; however, when combined with supply chain tracking technology, it becomes actionable. Having visibility into high-risk areas in real time when shipments are in motion creates a tremendous opportunity to avoid risk. Equally exciting is being able to provide our law enforcement partners with more precise location accuracy while a theft is in progress. This complements our existing capabilities and brings significant value to our mutual clients."
"We are a technology-based company," stated Jeff Clark, founder and CEO of 7P. "We truly see this collaboration with CargoNet as a way for our mutual clients to take advantage of cargo theft data integrated into our 7P RouteWatch platform, which provides innovative supply chain visibility and management using GPS technology."