TransCore Acquires IntelliTrans, an International Rail Logistics and Supply Chain Tracking Company; Move Combines Essential Logistics Functions to Improve Asset Utilization.HARRISBURG, Pa. -- TransCore, the largest global manufacturer of transportation-based radio frequency identification See RFID. (RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. ) products, completes the acquisition of IntelliTrans, a pre-eminent track and trace software platform for the rail and intermodal industry. TransCore will combine IntelliTrans' in-transit visibility The ability to track the identity, status, and location of Department of Defense units, and non-unit cargo (excluding bulk petroleum, oil, and lubricants) and passengers; patients; and personal property from origin to consignee or destination across the range of military operations. , maintenance, repair, yard, and inventory management service offerings with TransCore's RFID and satellite communications products. The combination will provide seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. for rail, truck, container, barge, and intermodal applications. IntelliTrans will continue to be based in Atlanta and day-to-day contacts will remain the same. Value of the deal was undisclosed. Managing rail car assets represents a large expense for the world's leading bulk commodity companies, ranging from tens to hundreds of millions of dollars. A rail car alone costs over $100,000, with most companies managing an inventory of 500 to 20,000 rail cars. Consequently, visibility into location, status of a load, maintenance, or avoiding sitting empty in a rail yard poses an extraordinary communication process among multiple systems. "TransCore's 'front-end' data capture technologies combined with IntelliTrans' 'back-end' inventory tracking services is a natural fit," explained John Worthington, president of TransCore. "Bringing together two essential functions within the logistics process and eliminating gaps in the supply chain will expedite the flow of valuable data and further enhance asset utilization." In North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. alone 100 percent of all railcars in interchange service are required to be equipped with TransCore's tags. In the early '90s the Association of American Railroads adopted TransCore's Amtech brand of RFID technology as the standard for automatic equipment identification (AEI AEI American Enterprise Institute AEI Archive of European Integration AEI Australian Education International AEI Automotive Engineering International AEI Australian Education Index AEI Albert Einstein Institute ). Now, throughout the world and spanning five continents, TransCore has installed more than 6.5 million tags and 20,000 readers throughout the rail and intermodal industry. Richard M. Gerstein, IntelliTrans founder, added, "While IntelliTrans has matured and excelled over the past 14 years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time opportunity to join forces with a larger, transportation-focused organization provides our customers with a much broader range of products, services and technical resources." Through this acquisition, TransCore will also merge its Atlanta-based CarrierPoint organization, which provides Web-based transportation management systems, into the IntelliTrans reporting structure. About TransCore TransCore is dedicated to driving inefficiencies out of surface transportation through innovation. The company's 63-year heritage supporting the transportation industry spans a range of offerings for the rail, intermodal, trucking, toll, traffic management, airport, parking, access control and homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States markets. With installations in 44 countries, more than 100 patents, and pioneering applications of RFID and satellite communications technologies, TransCore's expertise is unparalleled in the markets it serves. In 2006, TransCore was honored by Inbound Logistics Magazine as one of the Top 100 Logistics providers while Engineering News-Record (ENR ENR Enrolled (bill, resolution, etc. passed by both houses of Congress and re-typed) ENR Engineering News Record EnR Énergies Renouvelables (French) enr Enregistrement (French) ) ranked TransCore No. 57 out of the Top 500 Design Firms and No. 11 for firms that specialize in transportation. TransCore operates as a unit of Roper Industries, a market-driven, diversified growth company with 2005 revenues of $1.5 billion, total capitalization Total capitalization The total long-term debt and all types of equity of a company that constitutes its capital structure. total capitalization See capitalization. of over $4 billion, and is a component of the S&P MidCap 400 and Russell 1000 Indexes. For more information, visit www.transcore.com or www.intellitrans.com. About IntelliTrans IntelliTrans is a world-class provider of consulting services, software products, integration services and inventory tracking services providing logistics management and integrated supply-chain tracking systems to customers on five continents. IntelliTrans began in 1992 with a desire to bring customers a single, reliable, proactive and creative way to integrate all their diverse transportation and inventory needs. Since that time, the company has developed four main lines of business: multi-modal shipment and asset management, yard management, vendor managed inventory Vendor Managed Inventory (VMI) is a family of business models in which the buyer of a product provides certain information to a supplier of that product and the supplier takes full responsibility for maintaining an agreed inventory of the material, usually at the buyer's , and operating systems for shortlines, repair shops, and port/transload facilities. |
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