Damco Selects Savi Networks' Wireless Tracking Service to Improve Visibility and Security of Customer Shipments

MADISON, N.J. and MOUNTAIN VIEW, Calif., Jan. 20 /PRNewswire/ -- Damco, a world leader in freight forwarding and supply chain management services, has selected Savi Networks' SaviTrak™ wireless tracking intelligence service to improve the visibility, security and safety of global container shipments for their customers. Damco will incorporate this technology into its logistics service offerings to provide real-time, automated intelligence on the location and status of customer shipments.

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Leveraging wireless data technologies such as GPS, satellite and GPRS (cellular), the web-based SaviTrak™ service will improve supply chain execution and management, operational efficiency and the security of intermodal cargo moved across all modes of transportation, such as truck, rail, ocean vessel and even air.  

"SaviTrak™ delivers a value-added tracking service that brings new levels of automated visibility, security and safety to global shipments," said Jens Wessel, vice president of Damco North America. "We're pleased to offer SaviTrak™ to our valued customers to improve operations, performance and service, as well as deepen supply chain collaboration among our customers and partners."

Wessel also emphasized SaviTrak's ability to be implemented almost immediately, its ease-of-use, cost-effectiveness and both quick and long-term ROI potential.

"We're delighted that Damco, a global logistics leader, entrusts Savi Networks to help provide automated intelligence most anywhere and anytime on vital products shipped to all kinds of international destinations," said Neil Smith, chief executive officer of Savi Networks.

Savi Networks, www.savinetworks.com, a joint venture between Lockheed Martin (NYSE: LMT) and Hutchison Port Holdings, was founded to improve the efficiency and security of global trade.  SaviTrak™ is an intelligence service that utilizes reliable wireless shipment monitoring technology to provide shippers, logistics service providers, and terminal operators with easily accessible, precise and actionable information.  

Damco, www.damco.com, is the new, combined brand of the A.P. Moller - Maersk Group's logistics activities.  Damco offers a broad range of supply chain management and freight forwarding services to customers all over the world, and has 10,500 colleagues in 272 offices, covering over 93 countries in Africa, Asia, North America, Europe, Middle East, and Latin America.  For more information, please visit www.damco.com.

SOURCE Savi Networks

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