PLANO, Texas, March 15, 2011 (GLOBE NEWSWIRE) -- Asset Intelligence, a leading provider of transportation asset management solutions and a subsidiary of I.D. Systems, Inc. (Nasdaq:IDSY), today announced that one of its largest customers, Marten Transport, Ltd. (Nasdaq:MRTN), has received the Commercial Carrier Journal's "Innovator of the Year" award due in part to its use of the VeriWise™ Reefer trailer management system.
Based in Mondovi, Wisconsin, Marten Transport is one of the leading temperature-sensitive truckload carriers in North America, specializing in transporting and distributing food and other consumer packaged goods that require a temperature-controlled or insulated environment.
The VeriWise Reefer solution enabled Marten to manage the temperature of its refrigerated trailers in a new way, resulting in reduced fuel costs, emissions and maintenance costs, with an aggregate annual value of more than $1.5 million."Our investment in VeriWise Reefer technology contributed significantly to this gratifying recognition of Marten as an industry innovator," said Douglas Petit, Marten's Executive Vice President of Operations. "VeriWise gives us unique visibility and control of our reefer operations, allowing us to raise average shipping temperatures while maintaining the condition of frozen foods to the complete satisfaction of our quality-conscious customers. The VeriWise system also eliminates unnecessary, wasteful fuel consumption during the reefer pre-cooling process." Capitalizing on VeriWise Reefer's intelligent cycle control of trailer temperature, Marten is able to ship frozen foods at -1 degree, rather than the prevailing industry standard of -10 degrees, without any impact on food quality. The VeriWise system also identifies and helps counteract excessive pre-cooling patterns by tracking reefer on and off times and providing real-time visibility of driver activity. These capabilities generated a fuel cost savings of $400,000 in the first three months following system deployment, with a commensurate reduction in the volume of greenhouse gas emissions. "In addition to generating significant ongoing fuel savings, the VeriWise system has helped us reduce reefer maintenance costs by providing real-time notifications of maintenance alarms and expediting the redirection of drivers for service," Mr. Petit concluded.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV