PowerFleet® was added to the broad-market Russell 3000® Index at the conclusion of the annual reconstitution of the Russell indexes, effective after the U.S. market opens today, June 29, according to the FTSE Russell website. Annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of May 8, ranking them by total market capitalization. Membership in the U.S. all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
PowerFleet has been selected by Rusken Packaging to outfit its private fleet with the PowerFleet LV-500 solar tracking solution and the PowerFleet LV-710 Freight Camera. The Alabama-based company will utilize PowerFleet’s LV-500 solar tracking solution coupled with the LV-710 Freight Camera to help maintain visibility of location and load status for its full fleet of trailers with deliveries starting in June of 2020.
PowerFleet has been notified by one of its marquee food and beverage customers that as a key supplier PowerFleet and its employees have been recognized by the U.S. Department of Homeland Security as workers who provide essential critical infrastructure during the COVID-19 response. In Israel, PowerFleet’s operations have also been designated as an essential service as it supports emergency responders and critical logistics infrastructure.
PowerFleet has announced significant updates to its PowerFleet Expert suite with the additions of OC55 and OC59. OC55 is set to launch this month and OC59 will be available later in the year. The OC55 combined with the PowerFleet Expert software enables industrial truck fleet management to bolster safety practices and increase visibility for better asset management. The OC59 will offer all the benefits of the OC55 but with cellular communication and GPS, so customers can experience the benefits of PowerFleet Expert solutions on material handling equipment used outside without requiring Wi-Fi connectivity.
PowerFleet has announced that its subsidiary, Pointer, is working in tandem with Mobileye to install Pointer telematics units on traffic lights in the streets of Jerusalem. The negotiation follows the joint pilot between both companies. Pointer’s telematics units transmit the status of the traffic light in real time to the Mobileye Autonomous Experimental Vehicles. The units enable direct communication between the traffic light and the vehicle and provide an additional data layer from the vehicle’s sensors.
PowerFleet has announced a partnership with Tropical Shipping, a transportation company that services the Bahamas, Caribbean, South and Central America. Under the terms of the deal, PowerFleet will equip Tropical’s entire U.S. chassis fleet with over 2,000 5G Compatible LTE LV-300 next generation asset visibility systems on existing chassis, as well as new builds.
PowerFleet® for Logistics has been engaged by All Truck to upgrade its entire fleet of 1,500+ trailers from existing 3G devices to PowerFleet 5G-compatible LTE LV-100 devices. Upgrading the All Truck fleet to LTE LV-100 devices is a critical business initiative enabling All Truck to understand fleet and asset activity in real time so it can quickly manage and respond to customer capacity demand.
PowerFleet for Logistics has been engaged by B.A.H. Express to equip its entire fleet of 200 tractors with I.D. Systems’ state-of-the-art LV9000 in-cab technology platform. The addition of I.D. Systems’ platform will ensure that B.A.H becomes compliant with the Department of Transportation’s newly mandated electronic hours of service regulations.
I.D. Systems announced today that it received initial orders from Jungheinrich after successfully delivering on all development milestones. Per the technology partnership agreement that was announced at the beginning of this year, I.D. Systems worked with Jungheinrich to develop a highly integrated telemetry platform for Jungheinrich vehicles combined with sophisticated fleet management software. This technology partnership will power-up Jungheinrich customers’ ability to run safer, more cost-effective intralogistics operations.
I.D. Systems, Inc. has deployed upgraded in-cab technology for the entire fleet of Samuel Coraluzzo & Torrissi Transport, a recognized industry leader in hauling oil across the U.S. east coast. Integrating their latest PowerFleet technology offering, the LV9000 asset-tracking solution, into the Samuel Coraluzzo & Torrissi Transport operating system has delivered a 360-degree, “real time” view of their business that improves employee productivity and helps deepened customer satisfaction by reducing problems and enables taking proactive measures before problems occur.