JERSEY CITY, N.J., Dec. 14, 2011 (GLOBE NEWSWIRE) -- CargoNet®, a leading source of information about supply chain risk, today announced that Coyote Logistics, a member of Inc. magazine's list of the 500 fastest-growing privately held companies in the United States, is using CargoNet to help mitigate cargo theft risk within Coyote's clients' supply chains. CargoNet is a member of the Verisk Analytics (Nasdaq:VRSK) Family of Companies.
"At Coyote, we do everything possible to protect our customers' products and brands. When we have an issue with a stolen load, CargoNet gives Coyote a great service to help us achieve this protection," said Eddie Leshin, chief operating officer for Coyote. "CargoNet provides us with the ability to quickly inform, mitigate, and recover, which is critical in an industry that is ever-changing. As we continue to grow, arrange, and manage more transportation for more customers, both Coyote and our customers have a better chance to reduce crime and claims by using CargoNet."
"We're excited to have an organization such as Coyote join CargoNet, and we're confident that the use of cargo theft intelligence will add an additional layer of security for Coyote's clients," said Sal Marino, vice president of business development for CargoNet. "Coyote's use of CargoNet brings the industry one step closer to a collaborative approach to combating cargo theft risk on a global level."
Coyote Logistics LLC was launched in 2006 to bring a better experience to the transportation industry. Coyote is a leading 3PL provider of dry, refrigerated, and flatbed truckload, LTL, and intermodal transport, as well as industry-leading transportation management and customized supply chain analytics solutions across North America. Coyote delivers the best operational experience for virtually all industries, including food and beverage, forest products, metals, plastics, consumer products, and government services. Coyote has been named to the Inc. magazine list of the 500 fastest-growing privately held companies in the United States for two consecutive years. Coyote's growth is supported by its financial partner, Warburg Pincus LLC, of New York, New York. Please visit www.coyote.com.
A division of Verisk's ISO Crime Analytics unit, CargoNet® helps prevent cargo theft and improve recovery rates through secure and controlled information sharing among theft victims, their business partners, and law enforcement. CargoNet is centered on a national database and information-sharing system managed by crime analysts and subject-matter experts. By applying a synchronized, layered approach, CargoNet exploits the weakness of cargo thieves at multiple points. CargoNet offers integrated databases, a theft alert system, task force and investigations support, a tractor/trailer theft deterrence program, and the TruckStopWatch® program. CargoNet also provides driver education and incentives, secondary-market monitoring and interdictions, crime trend analysis and loss control services, and training. More information on CargoNet can be found at www.cargonet.com.
Susan Kenney/Jessica Riccardi MWW Group (for CargoNet) (201) 507-9500