Otonomi to carry new freight insurance coverage product to market

Technology Shorts

Know-how information and briefs for the week of Oct. 30, 2022: 

Solera firm unveils up to date cargo sensor

Solera firm Spireon lately launched the subsequent era of its IntelliScan cargo sensor below its FleetLocate product line.

IntelliScan ProView is an enhanced cargo sensor that modifications the provider’s view of accessible cargo house with 99% correct load standing in addition to the trailer’s used cubic quantity and ground house percentages. Photos from contained in the trailer are additionally accessible for obtain with the confirmed potential to retrieve photographs at scale.

The sensor permits truckload carriers to see open house of their trailers for extra again haul alternatives and extra income. It permits LTL carriers to raised plan their trailer load dice and transfer extra freight per trailer whereas educating the dock group to be taught finest practices for loading. And personal fleets can handle stock in storage trailers and establish backfill alternatives for incremental income.

Every ProView cargo sensor is supplied with optical recognition and proprietary machine studying expertise to provide excessive accuracy. It takes periodic measurements of the encompassing trailer house and sends “% full” and “% of used ground house” readings again to the fleet supervisor’s FleetLocate interface.

The sensor is mounted on the rear of the trailer and gives an entire view into the trailer throughout the loading course of. When mixed with cargo load standing detection and downloadable photographs, ProView gives a complete image of each trailer’s capability.

Otonomi to carry new freight insurance coverage product to market

Tech-enabled insurance coverage startup Otonomi that focuses on freight insurance coverage lately accomplished a $3.4 million funding spherical to carry a brand new product to market that makes use of complicated fashions to have the ability to profitably underwrite insurance coverage in opposition to delays in shipments of freight.

Practically $10 billion of estimated losses have been attributable to provide chain disruption.

“Historically, insurance coverage on the level of sale has been centered on damages to items. Nonetheless, expensive delays usually come up throughout air, maritime, trucking and last-mile logistics,” mentioned Chris Shonk, companion and co-founder at ATX Ventures Companions, which led the funding spherical. “Otonomi has an important group positioned to carry collectively facets of parametric insurance coverage, danger associated to provide chain and cargo delays, and extremely embeddable distribution.”

Otonomi’s administration tapped into six vital industries to assemble a core group with expertise throughout finance, insurance coverage, blockchain, UX design, advertising and marketing and safety.

The corporate is first to market in offering parametric cargo delay insurance coverage (a quick, clear and automatic delay insurance coverage product) that unlocks claims decision in 45 minutes as an alternative of 45 days, compressing administrative prices by as much as 90%.

“By leveraging good contracts, superior danger metrics, and industry-leading oracles from our expertise companion Chainlink, our engineers are in a position to construct extra clear, well timed and cost-efficient merchandise for our logistics end-clients and insurance coverage underwriter companions,” mentioned Otonomi CTO Jeremy Sutton.

Tech firm to offer fleets entry to Nauto security providers

Nauto, a number one supplier of AI-based car security expertise for industrial fleets and the automotive sector, has partnered with expertise firm BrightDrop, which focuses on decarbonizing last-mile deliveries, to offer industrial fleet prospects entry to Nauto’s predictive AI security providers.

By means of this collaboration, BrightDrop’s industrial fleet prospects now have the choice so as to add Nauto’s predictive AI security options to assist enhance driver security efficiency, scale back collision loss and stop lethal accidents.

Nauto’s real-time AI, educated on greater than 1.7 billion AI-processed driving miles, usually ends in 60% to 80% discount in dangerous and distracted driving inside a number of weeks with out supervisor intervention. It additionally presents a return on funding with a 50% to 80% discount in collisions throughout many alternative car sizes and kinds, geographies and verticals.

BrightDrop presents a portfolio of first- and last-mile options, together with electrical supply vans, electrical carts and software program designed to make last-mile deliveries smarter, safer and extra environment friendly.

IoT firm presents enhancements to trailer telematics platform

SkyBitz has launched the subsequent era of its trailer telematics platform that helps maximize asset utilization.

The economic IoT telematics options supplier changed its best-selling GXT5002C trailer telematics resolution with the discharge of Kuantum, a purpose-built platform for maximizing fleet capability to extend income and profitability utilizing the identical variety of trailer and intermodal container belongings.

Kuantum units have an built-in ultrasonic cargo sensor, harness photo voltaic vitality to recharge an inside battery, and use an influence administration system to reliably ship excessive frequency, event-driven reporting of trailer places and empty/loaded standing. The ruggedized {hardware} is compact and engineered to ship maintenance-free service for the lifetime of a trailer.

The answer permits fleets with blended belongings to optimize their dry vans and intermodal containers by turning belongings quicker to extend driver productiveness and income; detecting misuse of belongings by prospects and different third events; lowering reliance on buyer notifications to schedule pickups; automating yard checks and different handbook duties; and verifying detention occasions with arrival, load/unload and departure information.

It’s Bluetooth-enabled and operates on the 4G LTE Community with 5G compatibility. The machine mounts on the entrance of a trailer and capabilities as a single gateway to assist a number of wi-fi sensors within the SkyBitz SmartTrailer ecosystem. Configurable reporting choices and over-the-air programmable capabilities guarantee a future-proof funding.

The SkyBitz Perception net Portal delivers a single dashboard that unifies administration of blended trailer belongings and gives on the spot visibility of trailer and cargo standing from information captured by Kuantum and different SkyBitz units. By means of APIs, all information within the SkyBitz Perception net portal is offered for real-time integration with transportation administration programs.

MyCarrier releases new model of TMS

Transportation administration system supplier MyCarrier has launched a brand new model of MyCarrierTMS, designed to considerably improve person interplay.

MyCarrier’s TMS acts as a digital bridge, offering new ranges of visibility between shippers and carriers with a aim to steer LTL transport market digital transformation efforts and speed up provider digital scorecard initiatives.

The discharge will carry a number of new updates together with, enhancing the onboarding expertise for brand spanking new platform customers, together with transport/logistics customers and others concerned with transport from the accounting/finance, buyer assist and gross sales departments; including new carriers through a single-click, quick-connect configuration course of; including ERP Lite integration assist for SMB groups that can’t afford the time of complicated integrations by enabling groups to combine into practically each ERP system rapidly with out specialised assets and related prices; including automation for consignee-routed shipments (outbound accumulate); and enhancing multi-modal assist by integrating core practical parts essential to assist parcel sooner or later.

The discharge will advance digital automation in a number of key areas, like integrating shipper’s ERP and TMS platforms, supporting all freight cost varieties (pay as you go, accumulate, and third-party) and extra. It’ll additionally enhance person expertise, centered on unifying and enabling all departments concerned with transport. Future deliberate options embody freight audit and dispute, freight funds, truckload, superior analytics and extra.

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