JERSEY CITY, N.J., November 7, 2011 (GLOBE NEWSWIRE) — Verisk Analytics (Nasdaq:VRSK), a leading source of information about risk, today announced that Schneider National is employing CargoNet® to help support its supply chain security program. CargoNet will help facilitate secure and controlled information sharing between Schneider and law enforcement and provide advanced analytics to track cargo theft trends in real time. CargoNet is a member of the Verisk Analytics family of companies.
“The transportation industry must become better at making information available to law enforcement to expedite the identification of lost goods,” said Walt Fountain, director of enterprise security for Schneider National. “A national database of cargo thefts — one that strikes a balance between information sharing and data privacy — has significant value for everyone in the industry. We now need others in the industry to join in and share their data to make the system as robust and effective as possible in deterring cargo thefts.”
“Schneider’s adoption of CargoNet is a major step forward for CargoNet given Schneider’s leadership in the transportation industry and, in particular, Schneider’s recognition as a company with the highest standards of security,” added David Shillingford, president of CargoNet.
About Schneider National, Inc.
Schneider National, Inc., is a premier provider of truckload, logistics, and intermodal services. Serving more than two-thirds of the FORTUNE 500 companies, Schneider National offers the broadest portfolio of services in the industry. The company’s transportation and logistics solutions include Van Truckload, Dedicated, Regional, Bulk, Intermodal, Transportation Management, Supply Chain Management, Warehousing, and International Logistics services. Headquartered in Green Bay, Wisconsin, Schneider National has provided expert transportation and logistics solutions for nearly 75 years. A $3.7 billion company, Schneider National conducts business worldwide. For more information about Schneider National, visit www.schneider.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.
About Verisk Analytics
Verisk Analytics (Nasdaq:VRSK) is a leading provider of information about risk to professionals in insurance, healthcare, mortgage, government, and risk management. Using advanced technologies to collect and analyze billions of records, Verisk Analytics draws on vast industry expertise and unique proprietary data sets to provide predictive analytics and decision-support solutions in fraud prevention, actuarial science, insurance coverages, fire protection, catastrophe and weather risk, data management, and many other fields. In the United States and around the world, Verisk Analytics helps customers protect people, property, and financial assets. For more information, visit www.verisk.com.
MWW Group (for Verisk Analytics)
Treasurer and Head of Investor Relations
Verisk Analytics, Inc.