Port of Oakland, Parsons and Partners Launch New App to Improve Port Operations

Rhea-AI Summary

Parsons Corporation (PSN) Announces Launch of Freight Intelligent Transportation System at Port of Oakland, California

Insights

Transportation Infrastructure Expert

The introduction of the Freight Intelligent Transportation System (FITS) at the Port of Oakland by Parsons Corporation signals a significant advancement in the domain of transportation infrastructure. The completion of this project and its shift into the operations and maintenance phase can potentially streamline port operations, leading to increased throughput and reduced congestion. Such improvements are crucial for the economic vitality of regions reliant on maritime trade.

From an infrastructure perspective, the integration of Parsons' iNET® ATMS with SecūrSpace and the GoPort mobile application exemplifies the growing trend of smart technology applications in transportation management. The ability to predict freight wait times and develop predictive models for road blockages is an innovative approach that could set new industry standards for efficiency and safety in goods movement.

For stakeholders, the immediate benefit lies in the enhanced real-time visibility and improved cargo movement through the port. In the long term, the adoption of AI and data analytics in transportation management could lead to more resilient and responsive supply chains. However, the success of such systems hinges on their reliability and the quality of the data they generate, which must be closely monitored during the O&M phase.

Supply Chain Management Analyst

The FITS program's impact on supply chain efficiency could be transformative, particularly in the context of the recent global supply chain disruptions. By providing a more efficient and secure way to move cargo, the system directly addresses some of the critical bottlenecks that have plagued ports worldwide.

The predictive analytics component of the system is particularly noteworthy. By leveraging AI to anticipate freight wait times and potential road blockages, the system promises to enhance the predictability of supply chain operations. This could lead to better inventory management and reduced costs for businesses that rely on timely deliveries.

However, the implementation of such sophisticated systems also introduces complexity and potential vulnerabilities. Cybersecurity considerations will be paramount, as the integration of various technologies increases the risk of system breaches, which could have far-reaching consequences for the supply chain.

Financial Analyst

The announcement of the FITS launch and the subsequent five-year O&M contract awarded to Parsons and its partners is likely to have positive financial implications for the involved companies. Investors and shareholders may view this development as an indicator of Parsons' ability to secure long-term revenue streams through service contracts.

The integration of advanced technologies like AI and predictive analytics into Parsons' service offerings could also enhance the company's competitive edge in the infrastructure sector. However, the financial benefits will depend on the system's performance and the ability to deliver on its promises of increased efficiency and safety.

It is also essential to consider the capital expenditure associated with the development and maintenance of such advanced systems. While the initial investment may be substantial, the potential for cost savings and improved operational efficiency over time could justify the expenditure.

CHANTILLY, Va., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today joins the Port of Oakland, California, Advent eModal, Mobile Programming and key stakeholders to announce the launch of the Freight Intelligent Transportation System (FITS) at the Port.

Since 2020, Parsons has worked closely with the Alameda County Transportation Commission (CTC), Port staff, the City of Oakland, the California Department of Transportation, and subcontractors including Advent eModal, Mobile Programming, Elite Transportation Group, Kalmar, Wisetech Global, QuayChain, Bear Electric, and Iteris, to develop and implement the FITS solution. Construction and system integration is now complete, and the Port of Oakland is entering the ongoing operations and maintenance (O&M) phase.

"This has been a true team effort, and we are grateful to the Port of Oakland as well as all of the partnering agencies and subcontractors who joined us in delivering this revolutionary smart port system," said Mark Fialkowski, president, Infrastructure North America for Parsons. "We look forward to continuing our work with the Port and partners to enhance the efficiency and reliability of goods movement in the seaport area, empowered by the company’s proven integrated traffic management solutions."

Parsons’ award-winning advanced traffic management software (ATMS) solution, iNET^®, integrates with an enhanced version of the SecūrSpace smart parking system and a new custom GoPort website and mobile application for iOS and Android, to create a fully functional operating system. This system combines innovative technologies to improve the efficiency, safety, operations, circulation and reliability of truck and rail access.

“The launch of the Freight Intelligent Transportation System is a bold new step forward for the Port of Oakland,” said Port of Oakland Maritime Director, Bryan Brandes. “This gives us real-time visibility on goods movement. Our customers will be able to move cargo through the port more efficiently and securely. We appreciate our partners who have worked to implement this critical technology at the Oakland Seaport.”

“Congratulations to Danny Wan, executive director, Bryan Brandes, director of maritime, and the dedicated Port of Oakland team on this great achievement,” said David Casey, senior vice president of commercial strategy with Advent eModal. “The port community and broader supply chain ecosystem stand to benefit from this collaborative initiative, driven by the Port’s leadership. We look forward to working alongside Parsons, the Port, and the other subcontracting providers to turn this visionary project into a reality.”

"This collaboration between the Port of Oakland, Parsons, Advent, and Alameda CTC represents a strategic alliance set to redefine transportation management through our cutting-edge Oakland Portal Mobile App and Website," said Ishwari Singh, CEO of Mobile Programming.

Now entering the next phase of the project, the Port of Oakland has selected Parsons and its team to provide operations and maintenance of the FITS program. The five-year contract will expand the tasks of Parsons’ existing role as the FITS system integrator to include 24/7 operations and maintenance for the FITS devices and applications.

In addition, Parsons and its partners will leverage artificial intelligence with video and data analytics to predict freight wait times and develop predictive models around road blockages at train crossings. The data collected will also be used to create customized dashboards for custom border protection and port shipment tracking.

Parsons’ iNET^® is the Smart Mobility Platform that cities, states, and municipalities around the world rely on to help improve the management, efficiency, and safety of their transportation networks. With more than 100 cutting-edge deployments, Parsons’ technologies connect thousands of devices and traffic signals to help improve mobility.

To learn more about Parsons’ intelligent transportation solutions, visit parsons.com/intelligent-transportation-solutions/

About Parsons:
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how we're making an impact.

Media Contact:
Chelsie McKittrick
+1 512.719.6877
Chelsie.McKittrick@parsons.com

Investor Relations Contact:
Dave Spille
+1 703.775.6191
Dave.Spille@parsons.com

FAQ

What is the latest announcement from Parsons Corporation?

Parsons Corporation (PSN) has announced the launch of the Freight Intelligent Transportation System (FITS) at the Port of Oakland, California.

Who are the key stakeholders involved in the launch of FITS?

The key stakeholders involved in the launch of FITS include Parsons Corporation, Port of Oakland, California Department of Transportation, Advent eModal, Mobile Programming, and other subcontractors.

What is the role of Parsons Corporation in the development of FITS?

Parsons Corporation has worked closely with various agencies and subcontractors to develop and implement the FITS solution, including system integration and ongoing operations and maintenance.

How will the Freight Intelligent Transportation System benefit the Port of Oakland?

The FITS will provide real-time visibility on goods movement, improve efficiency, safety, operations, circulation, and reliability of truck and rail access at the Port of Oakland.

What is the next phase for Parsons and the Port of Oakland?

The next phase involves Parsons and its team providing operations and maintenance of the FITS program, expanding their role to include 24/7 operations and maintenance for the FITS devices and applications.