A cargo-hauling company has found a new way to save you on freight shipping costs.
The Cargo Tracking Group’s new fleet-wide tracking system has been installed in all of its freight hubs.
Cargo Tracking Group CEO John McWilliams says the system has a cost savings of about $2 per tonne, and the company expects the cost savings to increase as the system is rolled out across its fleet.
Mr McWilliams said the cost reduction could be even greater if freight carriers are required to use the system on more large vessels, like the US Navy’s new aircraft carrier.
“The cost savings will be the largest of any freight tracking system I have ever seen,” he said.
The US Navy is currently installing the new tracking system in all its ships, and it will be operational in 2021.
The system has become standard in many international shipping hubs, and there are plans to expand it further in the coming years.
“We have the capability to use this on larger ships that could become operational in the next 10 years, Mr McWilliams told ABC Radio Melbourne’s Maritime Service program.
The company is also working with freight companies to install the system in the cargo ports of Australia and New Zealand.