Logistics player Cubic Global Tracking Solutions is to provide its container tracking and monitoring equipment to arviem after concluding a $3.2 million, five-year deal with the Swiss company.
The leasing and strategic partnership will see Cubic (San Diego, CA, USA) support arviem’s (Baaar, Switzerland) Global Cargo Monitoring Service and work on developing new capabilities and services for arviem’s customers.
“arviem will be using Cubic’s Global Sentinel products and technology to monitor 30,000 shipments each year, and provides invaluable intelligence to customers as their cargo navigates the uncertainties of today’s logistics supply chain,” said Jim Kilfeather, the vice president of Cubic Global Tracking Solutions.
“arviem will also be entering into a strategic partnership with Cubic to develop advanced cargo monitoring capabilities based on our technology platforms, which will further enhance the value proposition and service offering,” added Kilfeather.
Cubic’s devices are used in moving assets and containerized cargo worldwide, providing details of location, status and sensor information.
The company has also created a mesh networking technology that is full integrated with its M2M solution, allowing customers to monitor remote fixed assets economically.
“Managing a global supply chain without really knowing where your cargo is, its condition, who has custody of it, or when an event occurs, is merely experiencing your supply chain, not managing it,” said Stefan Reidy, chief executive officer of arviem.
arviem offers cargo monitoring services on a “pay-as-you-go” basis to a variety of Fortune 500 companies, including DOW Chemical (Midland, MI, USA), Nestle (Vevey, Switzerland) and Bacardi (Hamilton, Bermuda).
In March last year, arviem struck a high-profile agreement with German telecoms incumbent Deutsche Telekom (Bonn, Germany) under which the companies are offering customers real-time monitoring services for freight consignments, with Deutsche Telekom providing hardware and SIM cards.
The German operator had described the deal as a “nearly double-digit million euro contract”.