Telematics

Samsara Inc. said on Wednesday it has confidentially submitted plans to regulators for a U.S. initial public offering. The number of shares to be offered and the price range have not been determined, according to a release. The IPO is expected to take place after the U.S. Securities and Exchange...

Karooooo Ltd (NASDAQ: KARO) could sustain revenue growth of more than 18% through 2023, driven by share gains and product expansion in South Africa and telematics expansion in other key regions, according to BofA Securities. The Karooooo Analyst: Daniel Bartus initiated coverage of Karooooo with a...

Global telematics company CalAmp has announced the launch of two new products that will enhance the visibility of fleet operations and provide for long-term cost savings while improving driver safety. iOn Tag and iOn Vision solutions, now added to CalAmp's existing suite of telematics services,...

Video telematics provider Lytx Inc. announced that it has received the "largest-ever" investment in the video telematics sector from a company backed by global private equity firm Permira. The majority stake acquired by funds and co-investors of Permira places a valuation on Lytx in excess of $2.5...

Many carriers delayed the transition to electronic logging devices (ELDs) under the automatic onboard logging device (AOBRD) grandfather clause. That clause expired earlier this week, and those carriers must now be running ELDs to avoid fines on the highway.  About 2% of surveyed carriers...

A telematics-based pay-as-you-drive program from Daimler Trucks Financial could help trucking firms on the financial brink because of high lease payments and insurance premiums. "Sometimes it will make or break a medium-size fleet," said Tobias Waldeck, Daimler Truck Financial head of brand. The...

Only 5% of carriers are still using automatic onboard recording devices (AOBRDs), according to a FreightWaves survey conducted in conjunction with EROAD and CarrierLists. This is the lowest number seen since the weekly surveys started in June.  The surveys are done in order to take the pulse of...

The number of surveyed carriers still running automatic onboard recording devices (AOBRDs) ahead of December's required migration to electronic logging devices (ELDs) is sitting just under 10%. This continues to be in line with most results seen over the last few months.  Each week, FreightWaves...

SmartDrive, a company that focuses on video-based safety and transportation intelligence designed to help truck drivers, has landed $90 million in outside funding, the company announced Sept. 12. The round was led by TPG Sixth Street Partners, along with unnamed existing investors, who see...

Schneider National (NYSE: SNDR), the publicly-traded, Green Bay, Wisconsin-based trucking carrier, has cemented a strategic partnership with Platform Science, an Internet of Things platform for enterprise fleets. Schneider will use Platform Science as the electronic logging device (ELD) solution...

Despite urging from regulators to switch to electronic logging devices (ELDs) well ahead of the December deadline, as many as 20 percent of regional carriers continue to use automatic onboard recording devices (AOBRDs). This is 10 percent more than the numbers reported by super-regional or...

Over 90 percent of carriers are already running electronic logging device (ELDs), but a small percentage of fleets continue to run automatic onboard recording devices (AOBRDs). These older telematics devices must be retired in favor of ELDs by December 16.  The three-week moving average of...

Technology is quickly turning vehicles into mobile communications devices. The always-on, always-connected nature of modern vehicles is opening doors to solutions that promise to improve highway congestion, reduce fuel consumption and increase roadway safety by eliminating as many as 80 percent...

Businesses large and small want to drive efficiencies, but many smaller operations can't afford the large, enterprise telematics solutions that fleets of thousands of trucks benefit from. Verizon Connect's telematics offerings are designed for small businesses, and Aaron Witmer's...

As technology continues to increase in importance within the transportation industry, the once-distinct boundaries between verticals within the ecosystem are melting away. The future of transportation is decidedly about being connected, autonomous (different levels of it), and shared mobility. In...