I.D. Systems to provide solutions for 3 logistics companies

I.D. Systems Inc., the Woodcliff Lake-based provider of Internet of Things technology for fleet management, announced it has agreed to provide its Logistics Visibility Solutions to three companies, including two renewals and a new deal.

The company said in a news release Tuesday that it will provide the tracking, monitoring and reporting technology for more than 1,000 new units in total under long-term commitments with:

  • Compass Lease LLC, a trailer leasing and rental company;
  • FAB Express, a fleet services company serving the corrugated box industry;
  • International Express Trucking Inc. and IXT LLC, an intermodal drayage company.

“We are excited about the momentum we are building in our various business units as we move into 2019,” I.D. Systems CEO Chris Wolfe said in a prepared statement. “These new commitments validate that our solutions offer unique value to our customers and their day-to-day operations. Our new, innovative solutions and expanded product portfolio have brought us significant new opportunities here in the (U.S.) as well as in Europe.”