This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Ryder Selects ORBCOMM For Telematics Solution Across Its Mixed Fleet Of Trailer Assets

ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced that Ryder System, Inc. (Ryder) has selected ORBCOMM to deliver a comprehensive telematics systems solution tailored for Ryder’s fleet of more than 30,000 dry van, refrigerated and flatbed trailers. ORBCOMM’s solution will provide connectivity through ORBCOMM’s state-of-the-art hardware and a robust, web-based analytics platform for fleet management. Ryder will utilize the ORBCOMM solution in both its lease and rental trailer fleets in response to customer demand for a best-of-breed tracking and monitoring solution.

ORBCOMM’s solution will make it easier for Ryder customers to monitor their assets in real time, maximizing visibility and utilization. In addition, the technology can provide refrigerated trailer monitoring and control for Ryder’s cold chain customers to improve quality, mitigate product spoilage and ensure compliance with new food safety regulations.

For its dry van and flatbed trailers, Ryder is using ORBCOMM’s GT1100, a ruggedized, easy-to-install device with a low, one-inch height profile and small form factor, making it ideal for tracking and monitoring trailers and other types of cargo assets. The GT1100 is sensor-compatible and self-powered with solar recharging technology for low power consumption and long service life in the field. The GT1100 also recently won the 2013 CTIA E-Tech Award for Innovation in M2M. For its refrigerated trailers, Ryder is using ORBCOMM’s RT6000+, a powerful two-way reefer monitoring and control device that provides comprehensive temperature, fuel management, maintenance, and logistical applications services for the command and control of temperature-controlled cargo.

ORBCOMM has developed a customized web application for Ryder with advanced data reporting and analytics capabilities to increase in-transit visibility and security of its dry van, refrigerated and flatbed assets. Utilizing this high-performance technology in conjunction with near-real-time asset data, Ryder can best manage its fleet, increasing asset utilization, productivity and customer service.

“We are excited to solidify our long-time relationship with Ryder, a leader in commercial transportation and an innovator in the use of fleet management technology, through this new vendor agreement,” said Marc Eisenberg, ORBCOMM’s Chief Executive Officer. “By leveraging ORBCOMM’s full systems solution, Ryder can utilize our telematics technology, hardware and network service for both lease and rental fleets to provide customers with maximum efficiency and return on investment as well as allow them to comply with product reporting requirements.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs