I.D. Systems Adds Three Customers for its Logistics Visibility Solutions

I.D. Systems (NASDAQ:IDSY) announced that it has reached agreements to provide extended Logistics Visibility Solutions to three fleets with two of them being the company’s existing customers.

As quoted in the press release:

The I.D. Systems’ Logistics Visibility Solutions are designed to connect, providing users with asset management tools that deliver powerful tracking, monitoring and reporting capabilities. These customer commitments follow the recent announcement of I.D. Systems Connected Car solutions group receiving the largest single contract in the company’s history from Avis Budget Group for a broad deployment of its Wireless Fleet Management System.

“We are excited about the momentum we are building in our various business units as we move into 2019,” said Chris Wolfe, I.D. Systems CEO. “These new commitments validate that our solutions offer unique value to our customers and their day-to-day operations. Our new innovative solutions and expanded product portfolio have brought us significant new opportunities here in the states as well as in Europe.”

The three I.D. Systems’ Logistics Visibility Solutions customers that together represent over 1,000 new units in long term commitment include:

Compass Lease
Compass Lease, LLC is one of the largest trailer leasing and rental companies in the United States. They specialize in long-term leasing and short-term rentals – from dry vans to reefers. Their focus is premium trailers, state-of-the-art technology, and exceptional customer service.

International Express Trucking (IXT)
Located in Kansas City, KS, International Express Trucking, Inc. (IXT) and IXT, LLC are uniquely qualified to meet your intermodal drayage needs across the Midwest region and meet your shipping needs across the United States and Canada.

FAB Express
An industry leader, FAB’s primary focus is the ongoing development of dedicated fleet services for the corrugated box industry with short haul and regional operations in Illinois, Indiana, Michigan, Ohio, Wisconsin.

“We are focused on transforming the way companies do business, with solutions that are designed for flexibility, scalability and efficiency,” said Norm Thomas, General Manager of I.D. Systems’ Logistics Visibility Solutions Group. “These deals – a result of our ongoing focus on providing value and visibility to our customers – further solidify our partnerships with established users, while continuing to expand our relationships with new customers and leading position in the transportation and asset management industry.”

Click here for the full text release.