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Konexial Inc. acquired Axle Technologies’ complete roster of electronic logging device and fleet management customers, Konexial officials said Oct. 21.
Axle Technologies, based in Jersey City, N.J., has served the commercial transportation industry since 2016. Terms of the deal were not disclosed.
Axle’s logging device uses automatic onboard recording device technology. Konexial’s line of My20 ELD telematics technologies automatically logs a driver’s location, hours of service and available capacity to fulfill the Federal Motor Carrier Safety Administration’s ELD compliance rules, Konexial officials said.
Konexial, of Knoxville, Tenn., will convert all Axle devices to ELD technology by the FMCSA deadline of Dec. 16 to phase out all AOBRD technology.
“We were very impressed by both the organization and customer roster that the Axle team developed, and felt that their device would be a perfect fit with the Konexial family of products,” said Andy Dishner, Konexial chief operating officer.
Dishner said the acquisition will expand Konexial’s roster of ELD customers while converting Axle customers to ELD technology in time for the AOBRD deadline.
Axle customers will also have the opportunity to access the fleet management features within the MY20 Tower product, which contains tools for receiving real-time data on all trucks and drivers on the road, Dishner said.
Following the integration with Konexial, data from Axle devices can be used to match up drivers who have extra hours and capacity with available loads from shippers via Konexial’s GoLoad load matching platform, Konexial officials said.
Loads are matched based on location, direction, hours of service and economic criteria, providing drivers with opportunities to increase earning potential, Konexial officials said. — Transport Topics
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