Ryder Selects ORBCOMM for Telematics Solution across Its Mixed Fleet of Trailer Assets
Ryder Selects ORBCOMM for Telematics Solution across Its Mixed Fleet of Trailer Assets
Versatile suite of products enables monitoring of dry van, refrigerated and flatbed trailers
ROCHELLE PARK, N.J.--(BUSINESS WIRE)-- ORBCOMM Inc. (NAS: 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."
ORBCOMM has already successfully deployed more than 2,000 systems on Ryder's trailers, and Ryder will extend ORBCOMM's industry-leading telematics solution to their commercial lease and rental customers as a value-added benefit on their equipment. Both organizations will continue to work together to utilize this suite of products to provide the best customer experience.
ORBCOMM's trailer telematics solution complements Ryder's innovative onboard telematics system, RydeSmart®, a full-featured GPS fleet location, tracking and vehicle performance management system, available on the company's lease and rental tractor fleet.
About ORBCOMM Inc.
ORBCOMM is a global provider of Machine-to-Machine (M2M) solutions. Its customers include Caterpillar Inc., Doosan Infracore America, Hitachi Construction Machinery, Hyundai Heavy Industries, I.D. Systems, Inc., Komatsu Ltd., Cartrack (Pty.) Ltd., and Volvo Construction Equipment, among other industry leaders. By means of a global network of low-earth orbit (LEO) satellites and accompanying ground infrastructure as well as our Tier One cellular partners, ORBCOMM's low-cost and reliable two-way data communication services track, monitor and control mobile and fixed assets in our core markets: commercial transportation; heavy equipment; industrial fixed assets; marine; and homeland security.
ORBCOMM is an innovator and leading provider of tracking, monitoring and control services for the transportation market. Under its ReeferTrak®, GenTrakTM, GlobalTrak®, and CargoWatchTM brands, the company provides customers with the ability to proactively monitor, manage and remotely control their cold chain and dry transport assets. Additionally, ORBCOMM provides Automatic Identification System (AIS) data services for vessel tracking and to improve maritime safety to government and commercial customers worldwide. ORBCOMM is headquartered in Rochelle Park, New Jersey and has its network control center in Dulles, Virginia. For more information, visit www.orbcomm.com.
About Ryder
Ryder is a FORTUNE 500® commercial transportation, logistics and supply chain management solutions company. Ryder's stock (NYS: R) is a component of the Dow Jones Transportation Average and the Standard & Poor's 500 Index. Inbound Logistics magazine has recognized Ryder as a top third party logistics provider and green supply chain partner. Ryder has also been ranked two years in a row as one of the top 250 U.S. companies in the Newsweek Green Rankings. In addition, Security Magazine has named Ryder one of the top companies for security practices in the transportation, logistics, supply chain, and warehousing sector. Ryder is a proud member of the American Red Cross Annual Disaster Giving Program, supporting national and local disaster preparedness and response efforts. For more information, visit www.ryder.com and follow us on Facebook, YouTube, and Twitter.
Forward-Looking Statements
Certain statements discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to our plans, objectives and expectations for future events and include statements about our expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts. Such forward-looking statements, including those concerning the Company's expectations, are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from the results, projected, expected or implied by the forward-looking statements, some of which are beyond the Company's control, that may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. In addition, specific consideration should be given to various factors described in Part I, Item 1A. "Risk Factors" and Part II, Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations," and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2012, and other documents, on file with the Securities and Exchange Commission. The Company undertakes no obligation to publicly revise any forward-looking statements or cautionary factors, except as required by law.
Investor Inquiries:
ORBCOMM Inc.
Robert Costantini, 703-433-6305
Chief Financial Officer
costantini.robert@orbcomm.com
or
Financial Media:
The Abernathy MacGregor Group
Chuck Burgess, 212-371-5999
President
clb@abmac.com
or
Trade Media:
Rhodes Communications
Jim Rhodes, 757-451-0602
President
jrhodes@rhodescomm.com
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