Business Wire

FourKites Named a Leader in the 2024 Gartner ® Magic Quadrant™ for Fourth Consecutive Year

Share

Leading real-time supply chain visibility company FourKites® today announced that, for the fourth consecutive year, it has been named a Leader in the 2024 Gartner® Magic Quadrant™ for Real-Time Transportation Visibility Platforms* (RTTVPs). Gartner evaluated seven vendors for its report, and FourKites has been recognized as a Leader both for its Ability to Execute and Completeness of Vision.

FourKites, the world’s largest global visibility platform, tracks over 3.2 million shipments per day across all modes and connects the global supply chains of over 50% of the Fortune 500, including customers such as Cardinal Health, Bayer, Henkel, Dow, Cargill, Coca-Cola, Constellation Brands, 3M, RHI Magnesita and Eastman. In 2023, FourKites saw 25% YoY growth in global customers — now totaling over 1,500; a 31% increase in its carrier network; and 37% growth in connected facilities, the latter of which now total over 3.2 million individual facilities around the world.

"We're honored to be recognized as a Leader by Gartner once again," said FourKites founder and CEO Mathew Elenjickal. "This past year, we not only maintained our growth trajectory, but also achieved a significant milestone by establishing long-term financial independence with zero burn and positive cash flow. Our unwavering commitment to customer-driven innovation has allowed us to deliver unparalleled ROI, while our accelerated customer support processes ensure that we remain the best long-term partner for our enterprise customers. As we move forward, we will continue to push the boundaries of supply chain visibility and empower our customers to navigate the complexities of today's global supply chains with confidence."

Having pioneered the real-time transportation visibility category in 2014, FourKites was the first company to extend real-time visibility across supply chains end-to-end, from yards to warehouses and more. Its industry-first product innovations include real-time facility manager Dynamic Yard; end-to-end international ocean shipments tracker Dynamic Ocean; patented AI-powered ETA forecaster Smart Forecasted Arrival; and automated universal appointment scheduler Appointment Manager.

Moreover, FourKites is the only visibility platform to offer a full order lifecycle tracking solution, Order Visibility, which provides earlier insights and alerts that start during the order planning process — well before a shipment is picked up. Most recently, FourKites launched generative AI assistant Fin AI, which helps customers surface buried insights; identify opportunities for optimization; and automate time-consuming tasks, such as assessing the impact of events across a shipment network.

Over the past year, in recognition of its market-leading innovation, FourKites was named a Best Workplace for Innovators by Fast Company; it was the only supply chain visibility provider on FreightWaves’ FreightTech 25; and it was recognized as a top-10 company for AI and ML in supply chain by Analytics Insight. In addition, FourKites received the 2023 Gartner Marketing and Communications Award for Thought Leadership and Data-Rich Insights for dissemination of real-time data and deep industry analysis throughout recent supply chain disruptions.

What Customers Are Saying on Gartner Peer Insights™

FourKites continues to earn accolades for its unique customer-driven innovation model; for the maturity of its end-to-end, multimodal platform; and for its unwavering commitment to customer success.

“FourKites has proven to be an innovative partner that began by providing visibility to our shipments and delivery status. They have strategically expanded their offering to provide solutions that provide visibility to customer orders throughout the supply chain life cycle.”
Manager, Data Analytics, Consumer Goods Industry

“FourKites is one of the easiest systems to use! Its usage is unparalleled across the competition.”
Logistics Engineering Manager, Manufacturing Industry

“FourKites helps our team provide more accurate visibility to shipment ETAs to the business to enable improved manufacturing decision-making processes.”
Logistics Lead, Manufacturing Industry

“Why aren’t you using FourKites? Our software is integrated and does everything automated behind the scenes. We utilize this product for many of our Shippers, this allows us to transmit status updates real time as well as keeps the history for review months down the road."
Senior Sales Executive, Transportation Industry

“FourKites delivers what it promises: end-to-end visibility for a great customer experience.”
Logistics Operations Strategy Manager, Transportation Industry

“The overall experience with Fourkites products, implementation team, and overall customer service has been excellent.”
Director of Operations, Transportation Industry

“The FourKites Core Track and Appointment Manager platforms are built on a solid technological footing and are performing very well. The technical roadmap of FourKites is impressive out to 2/3 years and the leadership team is impressive.”
Senior Manager, Transportation Optimization, Consumer Goods Industry

Gartner Disclaimer

​​*Gartner, Magic Quadrant for Real-Time Transportation Visibility Platforms, Carly West, Oscar Sanchez Duran, Nathan Lease, 26 March, 2024.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About FourKites

Leading global supply chain visibility platform FourKites empowers business leaders with comprehensive visibility into transportation, yards, warehouses, stores, and beyond. Tracking more than 3.2 million shipments daily across road, rail, ocean, air, parcel, and last mile, and reaching over 200 countries and territories, FourKites combines real-time data and powerful machine learning to help companies digitize their end-to-end supply chains. More than 1,500 of the world’s most recognized brands — including 9 of the top-10 CPG and 18 of the top-20 food and beverage companies — trust FourKites to transform their business and create more agile, efficient, and sustainable supply chains. To learn more, visit https://www.fourkites.com/.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

Marianna Vyridi
Big Valley Marketing for FourKites
(650) 468-3263
mvyridi@bigvalley.co

About Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

“e4life” is Present at Expomed Eurasia with its Innovative Device Able to Inactivate Flu and Covid Viruses With an Efficacy over 90%19.4.2024 17:13:00 CEST | Press release

Expomed Eurasia, the most important medical exhibition between Europe and Asia, is ready to house more than a hundred companies, to discover new technological trends and the most innovative products which are going to change deeply the health market. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240419226980/en/ e4life: e4ambient and e4you devices (Photo: Business Wire) This is a perfect occasion for e4life to present its device based on the e4shield technology which is able to inactivate flu and Covid viruses present in the air. A technology, patented in Italy, that uses neither chemical agents nor filtering materials, but it is based on the transmission of electromagnetic waves able to inactivate the viral load in aerosol. “This Exhibition represents an extraordinary opportunity to present our innovative technology (e4shield) in a dynamic and rapidly evolving region as Eurasia. In a climate of growing consciousness of the

Qualcomm Schedules Second Quarter Fiscal 2024 Earnings Release and Conference Call19.4.2024 15:00:00 CEST | Press release

Qualcomm Incorporated (NASDAQ: QCOM) today announced that it will publish the Company’s financial results for its second quarter fiscal 2024 on Wednesday, May 1, 2024, after the close of the market on the Company’s Investor Relations website, at https://investor.qualcomm.com/financial-information. The earnings release will also be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K, which will be available on the SEC website at http://www.sec.gov. Qualcomm will host a conference call to discuss its second quarter fiscal 2024 results which will be broadcast live on May 1, 2024, beginning at 1:45 p.m. Pacific Time (PT) at https://investor.qualcomm.com/news-events/events. An audio replay will be available at https://investor.qualcomm.com/news-events/events and via telephone following the live call for 30 days thereafter. To listen to the replay via telephone, U.S. callers may dial (877) 660-6853 and international callers may dial (201) 612-7415. Callers should use rese

Newmont Appoints Mining Industry Veteran Francois Hardy as Chief Technology Officer19.4.2024 14:56:00 CEST | Press release

Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) today announced the appointment of Francois Hardy as Chief Technology Officer (CTO). Francois will join Newmont’s Executive Leadership Team and lead the technical work across the business to improve operational performance and drive growth. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240419973025/en/ Newmont Appoints Mining Industry Veteran Francois Hardy as Chief Technology Officer (Photo: Business Wire) Francois will take over from interim CTO, Dean Gehring, who also served in a dual role as Newmont’s Chief Integration Officer. After a period of transition, Dean will be leaving the company in early July. Francois brings more than 30 years of technical and operational experience in mining to the role. He commenced with Newmont in 2002 and has held roles including Group Head Exploration, Managing Director Africa and General Manager Tanami. “Francois is a stron

SLB Announces First-Quarter 2024 Results, Targeting to Return $7 Billion to Shareholders Over 2024–202519.4.2024 12:50:00 CEST | Press release

SLB (NYSE: SLB) today announced results for the first-quarter 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240417469361/en/ The exterior of the SLB headquarters in Houston, Texas (Photo: Business Wire) First-Quarter Results (Stated in millions, except per share amounts)Three Months EndedChangeMar. 31, 2024Dec. 31, 2023Mar. 31, 2023 SequentialYear-on-yearRevenue $8,707 $8,990 $7,736 -3% 13% Income before taxes - GAAP basis $1,357 $1,433 $1,161 -5% 17% Income before taxes margin - GAAP basis 15.6% 15.9% 15.0% -35 bps 58 bps Net income attributable to SLB - GAAP basis $1,068 $1,113 $934 -4% 14% Diluted EPS - GAAP basis $0.74 $0.77 $0.65 -4% 14% Adjusted EBITDA* $2,057 $2,277 $1,788 -10% 15% Adjusted EBITDA margin* 23.6% 25.3% 23.1% -171 bps 51 bps Pretax segment operating income* $1,649 $1,868 $1,391 -12% 19% Pretax segment operating margin* 18.9% 20.8% 18.0% -184 bps 95 bps Net income attributable to SLB, excluding cha

Zayo Group Appoints New CEO of Zayo Europe19.4.2024 09:00:00 CEST | Press release

Zayo Group, a leading global provider of network infrastructure, has appointed Colman Deegan as its new CEO of Zayo Europe to drive the business’ growth as cloud and AI adoption continues across the continent. This appointment is effective as of April 16, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240419471253/en/ Colman Deegan, CEO Zayo Europe (Photo: Business Wire) Steve Smith, CEO Zayo Group, says, “Colman’s experience and proven track record as a CEO leading large teams and businesses makes him perfectly equipped to take our European business to new heights, together with our outstanding local team. Colman will drive Zayo forward, strengthening our partnerships with data centres, hyperscalers, and enterprises across Europe. Under Colman’s leadership, we are confident that we will achieve our bold ambitions and maximise our impact in the European market.” Deegan spent more than two decades at Vodafone where he h

HiddenA line styled icon from Orion Icon Library.Eye