Loadsmart Acquires Computer Vision Startup NavTrac
Chicago, IL, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Loadsmart, a leading freight technology and transportation service provider, announced today the acquisition of NavTrac, a technology company specialized in computer vision for yard, terminal, and asset management.
- Chicago, IL, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Loadsmart, a leading freight technology and transportation service provider, announced today the acquisition of NavTrac, a technology company specialized in computer vision for yard, terminal, and asset management.
- Computer vision technology can also mitigate crime and fraud in the freight industry by identifying incorrect timestamps and monitoring the security of high value cargo.
- This expansion into computer vision solidifies Loadsmart's position as a leader in the freight industry and brings new products to Loadsmart's portfolio.
- Felipe Capella, CEO of Loadsmart, emphasized the significance of this acquisition, "Computer vision can automate inbound/outbound facility traffic, identify damages in trucks and containers, and enhance yard and terminal visibility by generating virtual yards based on cameras.