CHICAGO, Oct. 12, 2022 (GLOBE NEWSWIRE) — A leader in supply chain transparency Four dragons announced today that the US Patent Office has awarded the company U.S. Patent No. 11,461,731 for its unique sea transport innovations that offer international shippers and their partners a complete insight into all complex documentation requirements on every leg of every sea freight. These features available to FourKites dynamic ocean^® Customers, provide shippers with the actionable intelligence and automation they need to quickly and easily identify and resolve potentially missing, incorrect, or incomplete accompanying documents.

Port congestion, ship delays, and incorrect or incomplete documentation are common challenges for ocean-going shipping companies, which routinely pay millions of dollars in demurrage and detention (D&D) fees annually. By integrating international documentation requirements with ocean freight visibility, FourKites automates the matching of specific documents to shipments, ensuring time-sensitive ocean freight makes it through customs with correct and complete documents at every stage of the journey.

“FourKites’ automated reporting and tracking of ocean shipments provides more accurate, real-time data that allows Canfor to respond more quickly to customer requests and provides up-to-date information about our upcoming shipments that would otherwise have to be tracked manually,” said Bob Hayes, Vice President of Global Supply Chain at Canfor.

This latest patent following the award of U.S. Patent No. 11,017,347 for FourKites’ Smart Forecasted Arrival (SFA) capabilities, underscores the company’s commitment to driving continuous innovation that addresses the supply chain industry’s most complex use cases.¹

“We are pleased to once again offer global supply chain leaders unique, game-changing capabilities that address a significant and costly supply chain problem,” said Mathew Elenjickal, Founder and CEO of FourKites. “Not how…