Rising Truck Heists an Opportunity?

Today’s Wall Street Journal has an article entitled “Heists Targeting Truckers On Rise”. The story outlines the increase in trucking freight theft since the current recession started. Being that most decisions to implement telematics systems are driven by ROI models I have been pondering the concept of reduced insurance rates for transporting freight if security and tracking technology is implemented on the trailer. At the Telematics Update Fleet & Asset Management conference this past November in Atlanta I asked some of the insurance industry participants if they had been looking into this sort of offering. All of them responded that they were currently focused on insurance offerings related to driver behavior and had not looked into the technology for purposes of reducing freight loss while in transit. Being that this story was reported in a mainstream media publication (WSJ), it would seem that this is a growing problem in search of a solution – and as such an opportunity for the telematics industry.

Connected Vehicles