ORBCOMM Inc. (Nasdaq:ORBC), a global provider of Machine-to-Machine (M2M) solutions, today announced a multi-year agreement with Hub Group, Inc. (Hub Group) (Nasdaq:HUBG) to deploy ORBCOMM’s GT 2300 state-of-the-art intermodal container tracking and monitoring platform. This agreement reinforces ORBCOMM’s position as the leader in intermodal container tracking solutions featuring GPRS or satellite communication as stated in Berg Insight’s May 2013 Container Tracking and Security Report.
A leading provider of comprehensive intermodal, truck brokerage and logistics services throughout North America, Hub Group evaluated several providers and selected ORBCOMM to develop this telematics solution. Hub Group will integrate ORBCOMM’s GT 2300 solution to more accurately identify loading and unloading events, which should reduce container idle time and increase customer satisfaction. Hub Group anticipates ORBCOMM’s advanced GT 2300 platform will improve the information flow across the multiple touch points between its intermodal/drayage and back-office operations, providing customers with greater visibility to their loads. In addition, this solution further differentiates Hub Group in the market by improving the timeliness of pick-up and delivery information, which is expected to lead to improved equipment utilization.
ORBCOMM’s GT 2300 is the first device of its kind to use customizable reporting profiles to optimize critical data delivery and power management for extended battery life. This unique device is also designed to fit internally within the container corrugations to avoid damage during cargo loading, unloading and movement. ORBCOMM’s powerful systems solution combines position, load stage, door events, and cargo status to provide efficient delivery of vital asset information where and when customers need it.
“We are pleased to have been selected as Hub Group’s telematics solution provider,” said Marc Eisenberg, Chief Executive Officer of ORBCOMM. “Hub Group’s selection of the GT 2300 demonstrates the utility of ORBCOMM solutions in the intermodal marketplace as we help drive this industry to higher levels of performance.”