GPS Trackit announced it has launched the GL500MG, a universal trailer management solution.
Theft of cargo, and the trailers transporting it, has spiked during the Covid-19 pandemic, according to cargo recovery service CargoNet. Equipment theft is also a serious problem — up to $1 billion worth of construction and farm equipment is stolen each year, according to the National Insurance Crime Bureau. Only 10-15 percent of stolen equipment is ever recovered, according to International Risk Management Institute.
GPS Trackit’s GL500MG protects unpowered assets including construction equipment, freight trailers, flatbed trailers, freight containers, generators, tool storage boxes and recreational equipment. The device’s powerful features, 5-year onboard battery, and durable housing help construction companies, carriers and trucking companies locate and control their trailers around the clock, the company says.
“Our new asset tracker is a universal device that helps companies protect the valuable assets that help their business to grow,” says Ed Montes, GPS Trackit CEO. “As a leader in the IoT and fleet management industries, we want to provide the highest-value solutions to our customer base.”
GL500MG product highlights:
- Durable, waterproof shell
- User update button immediately shares GPS coordinates
- Geofences provide alerts when asset leaves pre-set area
- Lithium batteries last 5 years
- Flexible mounting options
- Wake up on motion
- Tamper detecting magnet
The GL500MG helps companies quickly recover stolen trailers, by increasing the data ping rate when the trailer unexpectedly moves. “We’ve designed the GL500MG to help companies quickly recover stolen or lost equipment to reduce loss,” says Michael Gill, GPS Trackit chief technology officer.
The GL500MG is available now.
