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| Home » News Room »Forward Air Expands Use Of Track & Trace Forward Air Expands Use of Asset Intelligence Solutions, VeriWise™ Track & Trace on Cargo Trailer FleetPlano, TX, December 7, 2010—Asset Intelligence (AI), a leading provider of transportation asset management solutions and a subsidiary of I.D. Systems, Inc. (Nasdaq: IDSY), today announced that Forward Air Corporation (Nasdaq: FWRD) has selected AI’s VeriWise™ Track & Trace system to monitor and manage its cargo trailers. Forward Air has retro-fitted Track & Trace on its current trailer fleet and is deploying the system on all new trailers as they are acquired. Forward Air is a leading provider of time-definite surface transportation and related logistics services for the expedited freight market in North America. With flexible sources of capacity and a network of terminals at 85 U.S. and Canadian airports, the company provides cost-effective, reliable transportation for freight that must be delivered at a specific time. Forward Air sells its services to a wide range of wholesale customers, including third-party logistics providers, freight forwarders, customs brokers, and airlines. VeriWise Track & Trace is an 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, flexible installation on a wide range of cargo-carrying assets, with patented power management technology to provide exceptionally long battery life and years of maintenance-free operation. “To maintain our position as a recognized leader in providing expedited, time-definite transportation, everything we do is focused on making safe, on-time, low-cost, damage-free deliveries to our customers,” said Jeff Woods, Forward Air’s Senior Vice President of Logistics. “After extensive testing, we deployed the VeriWise Track & Trace system because it provides us with reliable, affordable visibility and control of our trailer fleet, and helps ensure we exceed our customers’ service expectations. By providing real-time trailer analytics, eliminating manual yard checks, and improving our dispatch efficiency, Track & Trace has improved our trailer fleet utilization by 15%, allowing for a significant reduction in our trailer-to-tractor ratio, and ultimately adding more than $500,000 to our bottom line profits each year.” “We are delighted to strengthen our long-term relationship with Forward Air,” said Darryl Miller, Chief Operating Officer of I.D. Systems. “The unique asset management capabilities of our Track & Trace system, as well as the ease and flexibility of its installation, fit perfectly with Forward Air’s continuing commitment to provide the most efficient, reliable, cost-effective expedited freight services in North America.” About I.D. Systems and Asset Intelligence: Asset Intelligence, a subsidiary of I.D. Systems based in Plano, Texas, is a leading provider of trailer and container tracking solutions for manufacturers, retailers, shippers and freight transportation providers. It offers a full range of solutions to improve safety, security and productivity throughout global supply chains. “Safe Harbor” statement:
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