ATLANTA — GPS Trackit, a provider of video, fleet and asset tracking systems, 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% 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.
"Our new asset tracker is a universal device that helps companies protect the valuable assets that help their business to grow," said Ed Montes, GPS Trackit's CEO. "As a leader in the IoT and fleet management industries, we want to provide the highest-value solutions to our customer base."
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," said Michael Gill, GPS Trackit's CTO.
The GL500MG is available now. Learn more about protecting trailers and business assets, here.