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Noregon TripVision is Available on Geotab Marketplace

Image via Noregon

Noregon's recently released TripVision vehicle health monitoring solution for heavy-duty trucks has been made available on the Geotab Marketplace.

TripVision is a fault-guidance service that provides real-time vehicle health monitoring for all heavy-duty makes and models. Fleet dispatchers receive actionable fault information from each vehicle, including a safety score, health score, and location information.

TripVision is accessible through a portal using any internet connected device and is displayed in an organized format that shows all pertinent information.

“TripVision provides a comprehensive solution for fleets to turn their vehicle data into usable information,” said Bill Hathaway, founder and CEO at Noregon. “Noregon is extremely excited to work with Geotab and offer this much-needed solution to our mutual customers.”

The Geotab Marketplace is a complement to the MyGeotab platform that offers an "ecosystem" of business-focused applications and add-ons. The marketplace is on track to feature more than 200 third-party applications by the end of the year, according to Geotab.

“Our partnership with Noregon enables heavy-duty fleets to reduce maintenance costs and increase safety by effectively monitoring fault information and vehicle health,” said, Neil Cawse, CEO, Geotab. “This integrated solution provides insight into real-time vehicle diagnostics, allowing dispatchers to make data-driven decisions to optimize the performance of their fleet.”

For more information on the Geotab Marketplace, click here.

Related: Noregon Launches TripVision Safety Management

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Earnings Watch: ArcBest Profit Falls, Celadon Reports Loss

The parent of a company primarily known for its less-than-truckload fleet saw its profit fall by nearly a third while a separate carrier that provides long-haul truckload and other services moved into the red, according to newly released earnings numbers.

ArcBest Corp. (Nasdaq: ARCB) reported third quarter 2016 net income of $12.9 million, or 49 cents per share, compared to third quarter 2015 net income of $19.2 million, or 72 cents per share.

Revenue in the latest quarter totaled $713.9 million compared to $709.4 million a year earlier. Operating income declined to $20.4 million from $33.4 million for the Arkansas-based operation.

According to the company, the continued softness in the U.S. industrial economy affected freight tonnage levels and profit margins at its LTL fleet, ABF Freight. ArcBest's asset-light logistics companies were highlighted by improved revenue and operating profit at Panther.

“As we have seen throughout the year, pricing in the less-than-truckload sector remained rational despite a soft economic environment and we continued to experience benefits from investments in new equipment,” said ArcBest chairman, president and CEO Judy McReynolds.

ArcBest's freight transportation segment, which includes ABF Freight, reported revenue of $509.5 million compared to $511.3 million in third quarter 2015, a slight per-day decrease. Year-over-year reductions in fuel surcharge associated with lower diesel fuel prices contributed to ABF Freight's reduced revenue compared to last year, according to the company. Operating income was $18.1 million versus $26.6 million a year earlier.

Tonnage per day fell 2.8% compared to third quarter 2015 while shipments per day increased 1.6%. Total billed revenue per hundredweight increased by 2.8%, which ArcBest said came despite lower fuel surcharges, reflecting both price increases and changes in total shipment profile compared to the prior year. Excluding fuel surcharge, the percentage increase on ABF Freight's traditional LTL freight was in the mid-single digits.

The company's ...Read the rest of this story

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Colonial Pipeline Expected Back Online by Saturday

The Colonial Pipeline Co. hopes to bring a significant gasoline supply line back online by Saturday, less than a week after a blast that could reduce gasoline supply to the Southeast and Northeast, Reuters has reported.

The impact of the blast on fuel prices should be felt hardest in the Southeast region, said Bernie Kavanagh, vice president of WEX, Inc. The region was impacted in September when a nearby gasoline spill caused a 12-day interruption in the flow of about 1.3 million barrels per day from the Gulf Coast to the Northeast.

"The brunt of any fallout from the accident at the pipeline will likely be felt in the Southeastern region of the country, but again, we're still assessing how this will impact fuel prices and demand nationwide," Kavanagh said. "Southeast suppliers will be closely monitoring progress of a Line 1 restart, and potentially will have to scramble to get supplies, much like in mid-September."

The U.S. Occupational Safety and Health Administration took control of the site, while the fire continues to burn. Once the company gains access to the site, it can assess how long repairs will take to complete.

The fire highlights the dangers of aging pipeline infrastructure in the U.S. More than 60% of fuel pipelines were built before 1970, reports the Wall Street Journal.

The blast shouldn't cause a longer-term impact on gasoline prices that fleet drivers pay at the pump, and diesel prices shouldn't be affected, because Colonial's diesel line was restarted quickly, Kavanagh said.

"It's our hope that this accident will have little effect on fuel supply, but if it does we are optimistic that it will not be a long-term concern for consumers," he said. "It very much depends on how long it takes to get the pipeline back to working condition, as that section of pipeline services ...Read the rest of this story

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