Third-party logistics (3PL) provider Transplace has partnered with logistics technology vendor Riskpulse to enhance its real-time, predictive risk analytics capabilities, saying the move could bring greater predictability and optimization to the supply chain.
Frisco, Texas-based Transplace says the move will help it to further integrate machine learning and predictive analytics into its logistics management solutions. Transplace will incorporate the new capabilities into its transportation management system (TMS), using its Transplace Control Tower to provide shippers with a comprehensive, graphical view of all shipments, while integrating weather and traffic information.
Riskplace says its technology helps customers—shippers, carriers, distributors and receivers—increase their on-time performance, reduce unnecessary freight spending, and avoid waste caused by operational variability, as well as natural, social, or infrastructure-driven disasters, the company said.
The move is Transplace's latest investment into machine learning since the company launched a partnership in February with artificial intelligence (AI) application provider Noodle.ai. Noodle has also teamed with 3PL NFI Industries, saying its technology can improve tasks from fleet maintenance and fill rate to inventory allocation.
