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This blog compiles learning, insights, and updates about remote, unpowered asset tracking and the general Machine to Machine space (M2M). Here, we talk about how SkyBitz clients can and do use our technology to better manage their business and assets. We also hear from our industry-leading partners and executives to see where remote asset tracking will go next.
Based just outside of Washington DC, SkyBitz is a leader in global remote asset management solutions, providing real-time information on the location and status of assets. More than 700 enterprises rely on SkyBitz technology to achieve total asset visibility, improved security, lower operating and capital expenses, and enhanced customer service. SkyBitz delivers its solution via SkyBitz Insight, a secure web-based application that is fully customizable and requires no software downloads. SkyBitz is a privately held company backed by CIBC Capital Partners, Highstar Capital, Inverness Graham Investments, Motorola Ventures and ITV, a fund of Cordova Ventures.
Telular Announces the Acquisition of SkyBitz; Extending Its Portfolio of Leading M2M Solutions
Posted on 12.05.11
by Craig M.
- SkyBitz is a North American Market Share Leader in Asset Tracking with Approximately 190,000 Assets Tracked
- Complementary Company Profile to Telular with 45% of Revenue from High Margin, Recurring Services; Annual Revenue is Approximately $35 Million
- Expected to be Immediately Accretive to Net Income before Non-Cash Items Upon Close, Which is Expected by the End of Fiscal Second Quarter
Chicago, IL,— December 5, 2011 - Telular Corporation (NASDAQ: WRLS), a global leader in connecting businesses and machines over wireless networks, today announced the signing of a definitive merger agreement to acquire SkyBitz, Inc.- the leading provider of mobile resource management (“MRM”) solutions focusing on tracking and management of truck trailers, intermodal containers, sea-going containers, rail cars, power generators and rental equipment. The acquisition expands Telular’s position in the M2M space as a result of SkyBitz’s broad base of additional customers and proprietary...
New Report on Fleet Management from Berg Insight
Posted on 05.10.11
by Julia G.
Berg Insight published their new report on Fleet Management in the Americas as part of their M2M Research Series.
Berg Insight expects the market for fleet management will continue to show healthy growth in 2011. In the North American market, the number of fleet management systems in active use is forecasted to grow at a compound annual growth rate (CAGR) of 12.6 percent from 2.1 million units in 2010 to 3.8 million units by 2015. The penetration rate in the total population of non-privately owned commercial vehicles is estimated to increase from 16.3 percent to 29.5 percent in 2015. In Latin America, the number of fleet management systems in use is projected to increase from 0.9 million units in 2010, growing at a CAGR of 20.6 percent to reach 2.3 million units in 2015. The penetration rate among non-privately owned commercial vehicles in the region is estimated to increase from 4.5 percent in 2010 to 11.6 percent in 2015.
Highlights from this report:
• Insights from...
Cross-border trucking deal with Mexico- a sign of the times?
Posted on 04.25.11
by Julia G.
Last month, President Obama and Mexican President Felipe Calderón unveiled a deal to resolve a longstanding dispute over cross-border trucking.
No matter where you stand on the cross-border trucking deal with Mexico, it is going to become a reality. Companies that choose to ignore the issue do so at their own peril and those who prepare-- stand to profit.
Additionally, the Department of Transportation (DOT) recently unveiled a three-year pilot program to allow Mexican trucks to enter the U.S. after meeting multiple safety-related steps. Part of the requirements is a “global positioning system and/or electronic on board recording device”.
The announcement of this US/Mexico cross-border deal is yet another sign of the times for increased international trade. Carriers and logistics companies should take advantage of this time to prepare for business expansion into cross-border hauling. While it will likely be required for CSA-type safety technology to be installed...
Improving Q1 Profits for Landstar Systems
Posted on 04.21.11
by Craig M.
Here is another good sign of an improving economy for the transportation industry in the United States. No. 11 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers, Landstar System, said today that their Q1 profits improved due to higher freight demand, and that there first-quarter earnings rose because of improved pricing – which has also continued to improve into the second quarter.
The company’s net income rose to $20.6 million (43 cents a share), from $17.2 million (34 cents) from the year prior. Revenue for the quarter ended March 26 rose to $572 million, from $548.1 million a year ago.
Chairman and CEO Henry Gerkens said in a statement that the company’s second-quarter earnings will be in a range of 56 to 61 cents per share due to this higher freight demand. Mr Gerkens stated that he believes the trend will continue through 2Q.
DOD Redoubles Its Efforts to Lower Costs Via RFID
Posted on 04.20.11
by Craig M.
According to RFID Journal - "After a decade of conducting pilots to track the movements of supplies using active and passive radio frequency identification tags across multiple agencies, the U.S. Department of Defense (DOD) is entering phase two of its RFID deployment, with an eye toward adopting end-to-end solutions, according to Paul Peters, the deputy assistant secretary of defense for supply chain integration. These end-to-end solutions would allow greater visibility across the DOD's supply chain, thereby reducing the risk of errors, enhancing safety and security, and lowering expenses through reductions in inventory and improved utilization of labor devoted to tracking items at each point along that supply chain." Read more of this article here at RFID journal's website: