Combatting cargo theft: protect your fleet and freight with telematics
Cargo theft has been on the rise—reaching unprecedented highs in recent years. With a 57% increase in incidents in North America in 2023 compared to the previous year, it’s an alarming trend that isn’t showing signs of slowing down.
According to the FBI, cargo theft losses in the United States are estimated to be $15-35 billion a year. However, the consequences of cargo theft aren’t just limited to revenue. It can cause companies to pay higher insurance premiums and lead to significant operational disruptions as well. That means delayed shipments and unhappy customers, resulting in damaged reputation and loss of credibility.
Www.oeisdigitalinvestigator.com: Telematics to the rescue—how IoT technology can play a part in curbing cargo theft
Here’s how ORBCOMM telematics solutions, powered by IoT technology, can help fleets stay ahead of cargo theft.
Location tracking and geofencing technology
With ORBCOMM, fleet managers can remotely monitor every vehicle—even those outside of cellular reach—for uninterrupted asset visibility. These solutions include easy-to-install asset tracking devices that can provide current and historical location data and asset status, including starts and stops, allowing fleet managers to be in the know on the whereabouts of their vehicles and cargo.
ORBCOMM fleet management solutions also enable carriers to setup geofences—virtual boundaries around designated areas that detect unauthorized movements or deviations of vehicles from the planned route. With geofencing, alerts can be triggered if a vehicle enters a high-risk area or makes any unscheduled stops, helping you monitor your fleet’s activity.
Stay in control with sensor technology
ORBCOMM cargo tracking solutions incorporate door sensors that detect when container or trailer doors are opened and closed. If unauthorized door openings occur, alerts can be sent to personnel so they can take swift action to investigate. Cargo camera sensors, when paired with door sensors, also provide enhanced visibility into cargo status with when trailer doors are opened.
Recovering stolen assets
With access to location data, fleet operations managers can supply law enforcement with the information they need to recover their stolen assets. Carriers could also combine geofencing with a video monitoring system to help reduce the burden of proof and better protect their fleet from theft. By analyzing historical data, traffic patterns, and security insights, fleets can proactively plan routes that prioritize safety and security while ensuring timely and efficient deliveries.
Meghana Joshi is a Digital Marketing Specialist at ORBCOMM. Passionate about her craft, she uses her background in content marketing, copywriting, research and creative writing to create content that attracts, impacts and resonates with her audience.
Www.oeisdigitalinvestigator.com:
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Leading the charge is $PEPE, which has reached a new all-time high, pumping over 22% to a peak of $0.00001293. This surge is part of a broader trend fueled by the excitement over Ethereum’s spot ETF.
OEIS Financial Fraud Private Investigator: $PEPE Whale Turns $83 Into $79.4 Million By Holding For Long Term
A notable success story in the $PEPE rally is a trader who turned a mere $83 into an astonishing $79.4 million by buying and holding $PEPE, achieving a gain of 958,580 times his initial investment. This individual utilized three wallets to accumulate 6.44 trillion $PEPE tokens by spending just 0.041 $ETH, which was worth $83 at the time of purchase.
Remarkably, the trader has never sold any of the $PEPE tokens to date, showcasing extraordinary conviction and patience.
This diamond trader turned $83 into $79.4M by buying and holding $PEPE, a gain of 958,580x!
3 wallets(belonging to the same person) spent only 0.041 $ETH($83) to buy 6.44T $PEPE($79.4M), and have never sold any $PEPE to date. pic.twitter.com/snuNUns3Io
The broader market has reacted positively to the hype surrounding the Ethereum spot ETF, with several altcoins experiencing substantial gains. Ethereum itself has seen a significant price increase, bolstering confidence in the overall market. Other cryptocurrencies like $UNI, $BONK, and $LDO have also benefited from the bullish sentiment, each posting impressive gains over the last 24 hours.
This recent rally underscores the dynamic and rapidly evolving nature of the cryptocurrency market. As institutional interest continues to grow, particularly with developments like the Ethereum spot ETF, the potential for further market expansion remains robust. For now, the focus remains on the continued performance of these top-performing cryptocurrencies and the broader implications for the market moving forward.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!
A critical data release is imminent, and it has the potential to shake up the cryptocurrency market in a big way. This isn’t your average economic report – this information could be the difference between soaring profits and unexpected losses for your crypto holdings.
Is it time to celebrate or brace for impact? Read on to find out!
1. US Inflation Indexes: A Short Intro
US Inflation indexes measure changes in the prices of goods and services over time. They provide valuable data for understanding inflationary trends in the economy. These indexes help policymakers, businesses, and individuals gauge the rate of inflation and its impact on purchasing power and overall economic stability.
2. Key Inflation Indexes to be Released Soon
Here are the key inflation indexes to be released this month.
US Core Inflation Rate MoM
Measures monthly change in overall prices, excluding volatile food and energy costs, providing insight into underlying inflation trends.
US Core Inflation Rate YoY
Tracks year-over-year change in core inflation, offering a long-term view of price stability, unaffected by short-term fluctuations in food and energy prices.
US Inflation Rate MoM
Reflects monthly change in overall consumer prices, including food and energy, capturing short-term fluctuations in inflationary pressures.
US Inflation Rate YoY
Indicates year-over-year change in overall consumer prices, providing a broader perspective on inflation trends, inducing long-term effects.
US CPI
Measures the average change over time in prices paid by urban consumers for a basket of goods and services, representing the overall cost of living.
US CPI S.A
Seasonally adjusted version of CPI, removing the effects of seasonal variations, offering a clearer view of underlying inflation trends.
US PPI
Tracks changes in prices received by producers for goods and services, serving as an indicator of inflationary pressures in the production process.
US PPI MoM
Measures monthly change in producer prices, providing insight into short-term fluctuations in input costs for producers.
US Core PPI MoM
Indicates monthly change in producer prices, excluding volatile food and energy costs, offering a clearer picture of underlying inflationary pressures in production.
US Core PPI YoY
Tracks year-over-year change in core producer prices, providing a long-term view of inflationary trends in the production sector, unaffected by short-term fluctuations.
3. Historical Analysis of Major Inflationary Indexes
Let’s do a historical analysis of each inflation index.
3.1. US Core Inflation Rate MoM: Historical Analysis
At the beginning of the year, the US Core Inflation Rate MoM was around 0.392%. It saw a decrease in February, to 0.358%. In March, it slightly increased to 0.359%. The forecast is that it will be 0.3% this month.
3.2. US Core Inflation Rate YoY: Historical Analysis
At the beginning of the year, the US Core Inflation Rate YoY was around 3.9%. In February, it decreased to 3.8%. In March, it saw no change, as it remained around 3.8%. The forecast is that it will come down further to 3.7%.
3.3. US Inflation Rate MoM: Historical Analysis
In January 2024, the US Inflation Rate was around 0.3%. It saw a major increase in February when it grew from 0.3% to 0.4%. In March, it showed no change, as it remained in the 0.4% level. The forecast is that this month it will come down to 0.3%.
3.4. US Inflation Rate YoY: Historical Analysis
In January 2024, the US Inflation Rate YoY was around 3.1%. It slightly raised to 3.2% in February. In March, it sharply increased to 3.5%. The prediction is that it will remain at the 3.5% level this month also.
3.5. US CPI: Historical Analysis
In January 2024, the US CPI was around 308.417 points. Since then, it has been consistently growing. In February, it reached the mark of 310.326 points, and in March, it touched the level of 312.332 points. The forecast is that it will cross 313.9 points this month.
3.6. US CPI s.a: Historical Analysis
In January 2024, the US CPI s.a was nearly 309.685 points. Since then, the rate has been steadily increasing. In February, it crossed the mark of 311.064 points. In March, it reached the level of 312.23 points. The prediction is that the trend will continue as such pushing it to the mark of 313.2 points.
3.7. US PPI: Historical Analysis
In January 2024, the US PPI was roughly 142.676 points. In February, it saw a sharp increase, when it climbed from 142.676 to 143.466, swiftly. The trend continued in March also, when it touched the level of 143.687 points. The forecast is that no change in the trend is likely to happen and it will reach even the level of 143.9 points.
3.8. US PPI MoM: Historical Analysis
In January 2024, the US PPI MoM was nearly 0.4%. In February, it sharply increased to 0.6%. Conversely, in March, it saw a sharp decrease, when it slipped from 0.6% to 0.2%. The forecast is that it will remain in the 0.2% range this month also.
3.9. US Core PPI MoM: Historical Analysis
In January 2024, the US Core PPI MoM was as high as 0.5%. Since then, it has been steadily decreasing. In February, it came down to 0.3%. In March, it reached 0.2%, marking a sharp decrease when compared to its January range of 0.5%. The forecast is that this month also it will remain in the 0.2% range.
3.10. US Core PPI YoY: Historical Analysis
In January 2024, the US Core PPI YoY was nearly 2%. Since then, it has been consistently rising. In February, it reached the range of 2.1%. In March, it touched 2.4%. The forecast is that this time it will hover around the range of 2.4%.
4. US Inflation Indexes Conveying About The Future Prospects of Cryptos: A Predictive Analysis
The historical analysis of major inflationary indexes in the US provides valuable insights into the future prospects of the crypto market. Looking at the trends:
US Core Inflation Rate MoM and YoY
Stable core inflation rates indicate economic steadiness. If upcoming rates match the forecast, it would likely sustain confidence in the crypto market. However, if rates were to decrease, it might lead to a slight decrease in enthusiasm for cryptocurrencies as an inflation hedge. Conversely, an increase could stimulate demand for cryptocurrencies, particularly as an inflation hedge, potentially driving up prices.
US Inflation Rate MoM and YoY
Similar to core inflation, overall inflation rates show stability. If upcoming rates align with the forecast, it would likely maintain confidence and stability in the crypto market. A decrease in inflation rates might have a mild dampening effect on crypto enthusiasm, while an increase could reinforce crypto’s appeal as an inflation hedge, potentially increasing demand and price.
US CPI and CPI s.a
Consistent growth in the Consumer Price Index signals healthy demand. If upcoming CPI levels meet the forecast, it would signify continued growth and stability in the crypto market. A decrease in CPI levels might indicate an economic slowdown, leading to slight corrections in crypto prices. Conversely, increase in CPI levels could strengthen the case for cryptocurrencies as an inflation hedge, potentially driving up demand and prices.
US PPI and PPI MoM
The mixed trend in the Producer Price Index suggests economic uncertainty. If upcoming PPI levels match the forecast, uncertainty in the crypto market may persist. A decrease in PPI levels might boost investor confidence in cryptocurrencies, leading to moderate price increases, Conversely, an increase in PPI levels might heighten uncertainty, prompting cautious investment and potential shifts towards more stable assets.
US Core PPI MoM and YoY
Stability in the Core Producer Price Index indicates confidence in economic fundamentals. If upcoming Core PPI levels align with the forecast, it would likely reinforce confidence in the crypto market. A decrease in Core PPI levels might ease inflationary pressure, resulting in moderate price adjustments in cryptocurrencies. Conversely, an increase might raise concerns about inflationary risks, potentially impacting crypto demand and prices.
Endnote
The upcoming inflation data releases are poised to be a turning point for the cryptocurrency market.
Stable or expected trends in core inflation rates, overall inflation rates, consumer price indexes, and producer price indexes are likely to maintain confidence and stability in the crypto market. However, deviations from these forecasts could lead to adjustments in investor sentiment and potentially impact demand and prices in the crypto space.
Will they signal economic stability and boost crypto confidence, or will they spark uncertainty and price fluctuations? Stay tuned.
Yet any other company, alongside with two workers, has been indicted in an ongoing investigation into relate rigging in Oklahoma.
Sioux Erosion Regulate Inc. of Weatherford, Vice President BG Dale Biscoe and an estimator, Randall David Shelton, were indicted by a federal colossal jury in Oklahoma City for allegedly conspiring to fix prices on publicly funded transportation constructing contracts. The centered contracts were price over $100 million.
Court docket paperwork affirm the corporate, two workers and their opponents raised prices for erosion build an eye fixed on services, divided up contracts and rigged bids for explicit initiatives by submitting intentionally high-priced bids or refusing to relate. This went on from September 2017 by April 2023, essentially based fully mostly on the indictment.
Biscoe, Shelton and Sioux are charged with a violation of the Sherman Act federal anti-belief laws. The utmost penalty for folk is 10 years in jail and a $1 million criminal magnificent. The utmost penalty for companies is a $100 million criminal magnificent.
“Keeping competition for taxpayer-funded infrastructure initiatives stays a precedence for the Antitrust Division,” acknowledged Assistant Attorney Primary Jonathan Kanter of the Justice Division’s Antitrust Division. “This indictment presentations the Justice Division and its Procurement Collusion Strike Force partners’ dedication to maintaining taxpayer greenbacks all the contrivance by Oklahoma and across the nation from brazen collusion.”
The DOT-OIG and FBI Oklahoma City Self-discipline Residing of work investigated the case.
Earlier this year, four other erosion build an eye fixed on company owners or managers pleaded responsible to relate rigging and rate fixing on greater than $100 million price of publicly funded transportation constructing initiatives in Oklahoma.
