Hub to install tracking systems on most of its U.S. container fleet by year's end
More than 22,000 boxes to be equipped with devices, supply chain head says.
Hub Group Inc., one of the the nation's leading intermodal marketing companies, plans to install container tracking technology on 80 percent of its 28,000 53-foot domestic boxes by year's end, Hub's chief supply chain officer said yesterday.
About 1,800 of Hub's containers are already outfitted with the tracking systems, which not only monitor the equipment's
location but also detect if the container's door has been opened or closed and if the box is empty or loaded, David L. Marsh
told the SMC
Hub uses the 53-foot boxes in domestic intermodal service.
Separately, Marsh said rail reliability—which took a major hit in 2014 due to bad winter weather that paralyzed large portions of rail network and a lack of equipment and crews—has improved in recent weeks, but "not to the levels we'd like to see." In September, Hub said in a Securities and Exchange Commission filing that "worse than anticipated" rail service levels slowed its equipment fleet utilization by 1.7 days in July and August compared with the same period a year ago. Slower rail service prevented Hub from utilizing more of its own containers, on which it earns higher margins than on equipment supplied by the railroads, it said in the filing. Hub added that it incurred higher operating costs to add assets to service intermodal users.
Hub said at the time that its 2014 per-share earnings would be reduced by 4 to 6 cents due to higher operating costs to service intermodal users, it said. Hub releases its fourth quarter and full-year 2014 results after the financial markets close on Feb. 4.
Resources Mentioned In This Article
- Target Freight Management acquires National Traffic Service Inc.
- Global air freight markets posted 11th consecutive decline in September
- Businesses ready for peak-season online sales growth
- Roadrunner sells off intermodal business unit for $51.25 million
- Heavy truck orders inch up in October as carriers lack confidence in economy
Covenant Transport Solutions: Meeting Customer Expectations for Real-time Freight Visibility with Descartes MacroPoint™
Join the Discussion
After you comment, click Post. If you're not already logged in, you will be asked to log in or register.
Feedback: What did you think of this article? We'd like to hear from you. DC VELOCITY is committed to accuracy and clarity in the delivery of important and useful logistics and supply chain news and information. If you find anything in DC VELOCITY you feel is inaccurate or warrants further explanation, please ?Subject=Feedback - : Hub to install tracking systems on most of its U.S. container fleet by year's end">contact Chief Editor David Maloney. All comments are eligible for publication in the letters section of DC VELOCITY magazine. Please include you name and the name of the company or organization your work for.