XTRA Lease, a leading provider of over-the-road trailer equipment rental and leasing in North America, and Qualcomm Incorporated (Nasdaq: QCOM), a leading provider of business-to-business wireless enterprise applications and services, today announced that XTRA Lease is expanding its service offering to include a customized version of Qualcomm's T2 Untethered TrailerTRACS™ asset management system for its trailers.
The two companies have collaborated to create a new Web-based user interface that will improve XTRA Lease customers' ability to manage their fleets through trailer tracking. Qualcomm has incorporated the enhancements into the T2 Untethered TrailerTRACS system for wider use so that all customers using Qualcomm's Web-based T2™ asset management system are able to use the new features and functionalities. XTRA Lease will add Qualcomm's T2 asset management system to most of its dry van trailers by August 2007. By then, approximately 75 percent of the company's dry van trailer fleet will be equipped with Qualcomm devices. XTRA Lease customers will receive expanded tracking coverage into Mexico, in addition to comprehensive coverage in the U.S. and Canada.
“This is truly a strategic relationship where the strengths of each party are leveraged to produce a better tool for the fleet manager,” said Bill Franz, president and CEO of XTRA Lease. “We're excited to collaborate with Qualcomm. Together, we share a common goal - to bring services to market that will improve the way our industry does business. Our new product will deliver more advantages in the way fleets achieve greater efficiencies through trailer tracking.”
“Both companies are committed to helping the industry achieve greater visibility, security and productivity in their fleets,” said Norm Ellis, vice president and general manager for transportation and logistics for Qualcomm Wireless Business Solutions. “The new user interface enhancements will generate greater opportunities for fleets to make timely decisions in managing their trailer assets. We are extremely pleased to work with XTRA Lease to create this product.”
The Qualcomm-powered solution for XTRA Lease offers rapid-status visibility into trailer fleets for improved fleet utilization and security. Customers can easily identify idle trailers to optimize equipment, reduce costly down time and improve driver productivity in locating untethered trailers. The new trailer tracking interface provides features that enable XTRA Lease customers to easily hone in on fleet dormancy, utilization, history and mapping results.
XTRA Lease already has completed T2 asset management system installations on approximately 25 percent of its dry van fleet to date. Customers who rent these units can access the first release of the user interface features today.
A second release of enhancements, available later this year for XTRA Lease's long-term lease customers, will provide advanced reporting, virtual boundary alerts, home page dashboard customization and more. Automatic GPS location reports and alert data from cargo and door sensors will detect whether the trailer is tethered or untethered, loaded or unloaded and opened or closed. These optional door and cargo sensors help prevent theft by sending alerts to dispatchers and fleet managers when a trailer's doors are opened or closed, indicating the presence or absence of cargo.
“XTRA Lease customers will see marked improvements in the user interface experience,” Franz added. “We've seen growing sophistication in our industry for the ability to integrate timely information into systems. Increased visibility into the supply chain, combined with alerts and status updates pushed to the user, provide solid support for managers wanting to optimize their fleet operations.”
XTRA Lease pioneered the use of trailer tracking when it introduced trailer tracking service into its fleet in 2000. Since then, XTRA Lease has offered trailer tracking as a free service on dry van rentals as a way to help educate the industry on the service's value as a productivity tool. XTRA Lease will continue to include free trailer tracking on dry van rentals with Qualcomm T2 asset management units.
Based in St. Louis and owned by Berkshire Hathaway, XTRA Lease is a leading provider of over-the-road trailers for rent or lease in the U.S., Canada and Mexico. With more than 80 North American locations, the company offers a fleet of more than 125,000 trailers, including dry vans, flatbeds, reefers, storage trailers and specialty equipment.
Since 1988, Qualcomm Wireless Business Solutions (QWBS) has provided integrated wireless systems and services to businesses around the world. QWBS delivers the actionable information businesses seek in order to operate at peak performance and improve the quality of life for its customers, their employees and the entire value chain. Qualcomm's world-class technology infrastructure, customer care and professional services enable QWBS to meet the increasingly complex needs of many industries, such as mobile enterprise, transportation and logistics, construction equipment and healthcare. QWBS' customer focus is based on the knowledge that leveraging technology is critical to creating business insight that helps clients achieve their vision.
Qualcomm Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 500 Index and is a 2006 FORTUNE 500® company traded on The Nasdaq Stock Market® under the ticker symbol QCOM.