Thermo King Joins Road Ready’s LogIQ Smart Partner Network

Rhea-AI Summary

Road Ready has partnered with Thermo King, integrating its cold chain technology within the LogIQ smart partner network. This alliance allows Road Ready to enhance fleet management, catering to the growing demand for refrigerated transport, which is projected to surge at a CAGR of over 14% by 2030. Through this integration, users will gain access to real-time cold chain asset monitoring and two-way remote temperature control. The LogIQ network now includes 11 partners, aiming to streamline data management for fleets.

Positive

• Partnership with Thermo King enhances cold chain solutions.
• Projected growth in cold chain transportation market at CAGR of over 14% by 2030.
• Ability to monitor and adjust temperature levels remotely via the Road Ready platform.
• Integration expands data-centric offerings for refrigerated fleets.

Negative

• None.

Integration enables Road Ready to provide cold chain solutions as exponential market grows

SAN DIEGO--(BUSINESS WIRE)-- Road Ready, the leader in advanced telematics and smart fleet solutions from Clarience Technologies, today announced Thermo King is joining its LogIQ smart partner network, expanding the brand’s connectivity solutions to now include cold chain technology. The integration, which is expected to be widely available in mid 2023, enables Road Ready to provide cold chain solutions via Thermo King’s TracKing® platform — underscoring the current exponential growth of cold chain transportation that’s expected to continue well into the future.

“The unprecedented and growing demand for cold chain transportation has led to all-time high rates on refrigerated transporters and incorporating this data for Road Ready customers is critical to the optimize efficiency of refrigerated fleet operations — both now and in the future,” said Nada Jiddou, Executive Vice President of Clarience Technologies and General Manager of Road Ready. “Thermo King is a leader in cold chain solutions and we are happy to have them join our LogIQ smart partner network.”

Trends in Cold Chain Transportation Predict Explosive Growth

Spurred by the global need to distribute COVID-19 vaccines in mass quantities at chilled temperatures, the cold chain transportation industry is red hot and is not expected to cool down anytime soon. Experts predict the cold chain transportation market will grow at a compound annual growth rate (CAGR) of more than 14 percent by 2030 as pharmaceutical and pre-prepared food trends continue.

Road Ready’s agreement with Thermo King enables fleet visibility into key elements of proper cold chain cargo management that will only become more critical for refrigerated units as demand grows — such as active and ambient temperature and return air control.

Moreover, due to the high-value of many cold-chain cargo loads, and refrigerated units themselves, Road Ready users can now track vehicle IDs and alarm codes for TracKing equipment located in the United States, Canada and Mexico.

Ability to Monitor and Control Cold Chain Assets

The most unique and innovative portion of Thermo King’s integration with Road Ready is the ability for two-way control, which allows refrigerated transportation customers to go beyond monitoring-level information. They have the ability to adjust the temperature levels remotely via the Road Ready platform.

“The growth we are seeing from our customers in the cold chain sector is of course, food — but it’s also new revenue streams like vaccines and other health related tech,” said Dominic Hand, Vice President, Information Technology and Connected Products for Thermo King Americas. “When dealing with this type of cargo, it is much more critical to maintain consistent temperatures. Two-way commands via Thermo King’s TracKing platform bring more assurance that our customers can successfully and safely deliver this cargo.”

The Power of LogIQ

First launched in 2021, the LogIQ network brings together 11 industry leading partners — to incorporate data from every part of trailers — from tires and brakes to cargo and weight management.

“A common concern we hear from fleets is that there is too much data and too many platforms,” said Jiddou. “LogIQ alleviates that concern for fleets by acting as a universal language decoder for data generated by smart trailer components, and then helps fleets drive smart decision making by aggregating all that data in one place.”

The LogIQ network includes the following companies:

• Air-Weigh
• ConMet Digital
• Continental
• Hendrickson
• Hyundai Translead
• Meritor
• Pressure Systems International (P.S.I.)
• Right Weigh, Inc.
• SAF Holland
• SKF
• Stemco

Now, Thermo King joins the fold.

“Joining the LogIQ network further expands the data-centric experience we have been committed to providing our refrigerated unit portfolio for nearly two decades,” said Hand. “Our priority is to provide customers with critical data, when and where they need it. Now, refrigerated fleets can use our data, coupled with supplementary data from the LogIQ network, to unlock new levels of uptime and efficiency.”

About Road Ready

Road Ready, a Clarience Technologies brand, is a vertically integrated advanced telematics and smart fleet solutions SaaS provider based in Southfield, Michigan. Road Ready offers custom telematics solutions to help fleets manage, optimize, and maximize their assets. Coupled with an expansive network of premier integration partners, customers can do more through a single interface, Road Ready continues to implement groundbreaking research and development to make impactful contributions to the transportation industry.

About Thermo King

Thermo King – by Trane Technologies (NYSE: TT), a global climate innovator – is a worldwide leader in sustainable transport temperature control solutions. Thermo King has been providing transport temperature control solutions for a variety of applications, including trailers, truck bodies, buses, air, shipboard containers and railway cars since 1938. For more information, visit thermoking.com or tranetechnologies.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221024005675/en/

Media:

Gabrielle Wiles

Clarience Technologies

gwiles@clariencetechnologies.com

248.846.8237

Source: Thermo King

FAQ

What is the partnership between Road Ready and Thermo King about?

Road Ready has integrated Thermo King's cold chain technology into its LogIQ smart partner network to enhance fleet management.

How will the partnership impact the cold chain transportation market?

The partnership is expected to support the growing demand for cold chain solutions, which is projected to grow at over 14% CAGR by 2030.

What capabilities does the integration provide for Road Ready users?

Users can monitor and control cold chain assets, including adjusting temperature levels remotely.

How many partners are in the LogIQ network after Thermo King's integration?

Thermo King's integration brings the total number of partners in the LogIQ network to 11.

When will Road Ready's integration with Thermo King be widely available?

The integration is expected to be widely available in mid-2023.