PeopleNet Cited as Fastest Growing Mobile Communications Provider, According to Independent Industry Research
MINNEAPOLIS - October 16, 2005 - PeopleNet has been recognized as the second largest provider of onboard computing and mobile communications systems to the nation's transportation industry, according to a research report conducted by C.J. Driscoll & Associates
"In just 10 short years, PeopleNet has become recognized as a prominent player in the market," said Ron Konezny, chief operating officer, PeopleNet. "Achieving this stature is a tribute to the fact that we work closely with our customers to deliver solutions tailored to meet their needs while delivering them optimal functionality and return on investment."
"In the U.S. today, there are over 20 million fleet vehicles, nearly five million trailers and over a million pieces of heavy construction equipment," according to the Driscoll research, U.S. Mobile Resource Management Systems Market Study. "Of the 20 million+ fleet vehicles operating in the U.S., approximately 1.36 million fleet vehicles are currently equipped with installed automatic vehicle location (AVL) systems, in the following categories - 920,000 local fleet vehicles, including service, delivery, public safety, public transit and government fleets and 440,000 systems on long haul trucks."
Since the release of the company's first market report in February 2003, Driscoll reports the total installed base of fleet AVL units has increased from an estimated 1.0 million units to 1.36 million units, which equates to approximately 13 percent annual growth.
"Most of this growth has occurred in the local fleet vehicle tracking market, where the installed base has increased from approximately 500,000 units to 920,000 units, i.e. just over 27 percent unit growth per year," the study continued. "The long haul trucking market, which is more mature, has been relatively flat, with estimated subscriber growth of only about 7 percent annually."
Those statistics help put PeopleNet's growth in perspective. PeopleNet is the only player in the market to grow at more than 40 percent annual grown in both revenues, customers and installed units for each of the past five years, says Konezny. Today, the company has more than 55,000 installed units with 1,200 customers.
C.J. Driscoll is the premier marketing consulting and research firm serving the commercial and consumer telematics and mobile communications industry. Its report, U.S. Mobile Resource Management Systems Market Study, provides in-depth information on the Fleet AVL market, including the latest available information on fleet market size, AVL market penetration, projected market growth, and profiles of AVL system suppliers.
Headquartered in Minneapolis, PeopleNet is the fastest-growing provider of Internet-based onboard computing and mobile communications systems to the transportation industry, including truckload, LTL, private, and service fleets. The company serves several Fortune 500 companies in the U.S. and Canada and has signed more than 1,200 customers since our inception 10 years ago.
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For more information, contact: Brian McLaughlin, (888) 346-3486 ext. 211
bmclaughlin@peoplenetonline.com
