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By Nancy Ross-Anderson
Fleets commonly use GPS units hardwired to a truck’s engine for tracking. But many struggle to track loose equipment, including the chassis itself.
Losing equipment and cargo is costly for fleets and consumers. The National Insurance Crime Bureau reports that cargo theft in the U.S. is a $15 billion to $35 billion industry. Carriers are always trying to find a solution for tracking their non-cab equipment. Some have borrowed an idea from the non-trucking world: tracking devices.
Enter: The portable tracking device
Portable tracking devices are small, durable and can be made to adhere to equipment — think about the tech products that help you track down your car keys.
These relatively inexpensive and tiny devices are a boon to fleet carriers. Take the port segment, for example. It’s not uncommon for chassis to be left at a port, leaving a fleet searching for them. Port chassis are also notoriously poorly maintained, which could lead to the loss of any non-attached equipment. Poor safety ratings, i.e. higher DOT scores, are another result of poorly maintained and missing equipment, leading to potential DOT investigations and rising insurance costs.
A portable tracking device is a great solution since chassis aren’t attached to trucks and can’t be hardwired to a device in the same way as a GPS unit.
Several companies such as Apple, Samsung, Zen Lyfe, and Tile have portable tracking devices on the market that can be used to track loose fleet equipment. Here’s a quick rundown:
These devices all offer relatively inexpensive ways to track your vehicles, chassis and cargo. For more information on tracking or securing your fleet trucks and equipment via risk transfer, reach out to IAT Insurance.