Wal-Mart Stores and the trailer fleet services division of GE Equipment Services have announced an agreement whereby GE will supply Wal-Mart with trailer tracking technology for its fleet of 46,000 over-the-road trailers.
Telematics is a term used in the trucking industry to describe the integration of wireless communications and sensor-generated information about freight and equipment status. GE’s telematics product, called VeriWise Asset Intelligence, is a dual satellite system that enables precise and timely monitoring of trailer assets even when they are not connected to a tractor.
We’re pleased to offer Wal-Mart this strategic solution to their global supply chain needs, said Deborah Reif, CEO of GE Equipment Services. The tracking and monitoring data generated by VeriWise helps fleets increase productivity, reduce costs, and meet global security and regulatory requirements.
First introduced by GE in April 2003, VeriWise consists of a trailer-mounted transceiver, a discreet antenna, and a patented power management system. The system uses the Orbcomm low earth orbit satellite network, and is supported by GE’s Asset Intelligence business in Barrington, Illinois, with research and engineering resources from GE’s four global research centers.
The announcement was made during the Truckload Carriers Association 68th convention. Terms of the deal were not disclosed.