Navigation technology player TomTom has changed the name of its Business Solutions unit to TomTom Telematics.
The name change has been made to reflect the strong position the company enjoys in the telematics market thanks to its WEBFLEET product, a software-as-a-service platform designed to help fleet businesses improve vehicle performance, save fuel, support drivers and increase efficiency.
In a statement, TomTom (Amsterdam, Netherlands) said WEBFLEET would henceforth be positioned as its leading product brand for the fleet-management market.
Nearly 50 million “non-trucking” commercial fleet vehicles will be equipped with telematics technology by the end of 2019, according to the latest study from ABI Research.
The market-research company says that telematics services were first adopted by the long-haul trucking industry in the US more than 20 years ago, but that adoption of these services in the non-trucking sector will equal that in the trucking industry in terms of numbers of connected vehicles by the end of this year – and dominate the commercial fleet telematics industry by the end of 2019.
Logistics and supply-chain management player Ryder System says it has opened a new truck maintenance and rental facility in Schertz, Texas that will provide mobile maintenance and telematics services to its customers.
According to the company, the facility will offer a rental fleet equipped with GPS telematics technology, making Ryder the “only company in the market with a facility offering both vehicle rental and mobile maintenance”.
Kore Wireless has begun offering network services to customers of Taiwan’s ATrack following the establishment of a new agreement between the MVNO and telematics hardware player.
The tie-up will give ATrack (Taipei, Taiwan) customers access to Kore’s (Alpharetta, GA, USA) network facilities in more than 150 countries thanks to the US company’s range of partnerships with network operators around the world.
Module maker Telit has reported soaring revenues and profits for the 2013 financial year thanks to strong demand for its expanding range of M2M services.
Net income shot up from $3.88 million in 2012 to $10.87 million in 2013, while revenues increased by 17.3%, to $243 million, over the same period.
Results were boosted by the takeover of cloud specialist ILS Technology (Boca Raton, FL, USA) in September, but also reflected organic growth in each of the EMEA, Americas and Asia-Pacific regions.
The deployment of smart-city technologies and intelligent transportation services (ITS) is set to become a key policy area for local governments, according to a new study from ABI Research.
Penetration of ITS technologies in smart cities will range from 20% (in the case of autonomous vehicles) to 98% (traffic management) by 2025, according to the market-research company.
Satellite and M2M specialist Orbcomm has acquired Euroscan Holdings in a bid to boost its presence in Europe’s transportation and heavy equipment sectors.
Euroscan (Hoensbroek, Netherlands) develops systems to monitor compliance with regulations on refrigerated transportation temperatures and serves customers in the global food and pharmaceuticals industries.
Orbcomm (Rochelle Park, NJ, USA) said the terms of the acquisition would be made available in forthcoming public filings, but it expects the takeover will strengthen its portfolio of services.
Asset-tracking player Spireon has formed a strategic partnership with Sprint that will address opportunities in the fleet-management area.
The companies say they will collaborate on providing the Spireon (Irvine, CA, USA) FleetLocate-branded solution to fleet operators using the Sprint (Overland Park, KS, USA) network.
FleetLocate is designed to help fleet operators improve their productivity and operational efficiency through more effective management of assets.
The number of service vehicles equipped with telematics technology will rise to 25 million globally by the end of 2019, representing a penetration rate of 30%, according to a new study from ABI Research.
The market-research company says take-up is being driven by regulatory and service compliance demands and as companies look to preserve their shrinking profit margins.
Lockheed Martin has introduced a wireless automatic identity technology allowing its customers to track munitions and other assets in harsh and sensitive environments.
The technology – developed in collaboration with Visible Assets – uses magnetic fields to track assets in locations that are unsuitable for traditional radio frequency technologies.