March 12, 2014 8:45 AM, EDT

GE Capital Fleet Services Announces Asset Tracking Service

GE Capital Fleet Services announced a product that allows fleet managers to track assets such as trailers and equipment in real time.

GE Monitor Asset Tracking works by installing GPS-equipped, battery-powered devices on equipment that can be tracked by fleet managers using digital maps.

“Technology is constantly changing the way we gather, access and analyze data, which in turn changes the way fleet managers operate. It’s important that we continue to provide our customers with the tools needed to successfully manage their fleets and make informed improvements,” Mike Mrosko, telematics product leader, said in a statement.

Fleet managers can use the data to identify idle and low equipment use, which can increase efficiency and help with cost savings, according to GE.