Penske Logistics makes deal with XATA

Feb. 27, 2002
Penske Logistics has signed a software license deal with XATA Corp. for its new XataNet software application suite. Penske said it will equip a portion of its fleet with the software to automate driver logs, monitor state line crossings and calculate fuel tax. The deal with Reading, PA-based Penske comes at a critical time for XATA, which continues to lose money despite nearly doubling its revenues
Penske Logistics has signed a software license deal with XATA Corp. for its new XataNet software application suite. Penske said it will equip a portion of its fleet with the software to automate driver logs, monitor state line crossings and calculate fuel tax.

The deal with Reading, PA-based Penske comes at a critical time for XATA, which continues to lose money despite nearly doubling its revenues recently. It posted a net loss of $371,000 on net sales of $4.3 million for its first fiscal quarter of 2002, which ended Dec. 31, compared to a net loss of $376,000 on net sales of $2.4 million in the first quarter of its fiscal 2001.

Minneapolis-based XATA recently reorganized its management team, with company founder William Flies replacing Dick Bogen as chairman. Flies will also serve as CTO, with Craig Fawcett taking over as president and CEO. Fawcett comes from equipment manufacturing giant Deere & Company, which owns a 31% stake in XATA.

About the Author

Sean Kilcarr | Editor in Chief

Sean Kilcarr is a former longtime FleetOwner senior editor who wrote for the publication from 2000 to 2018. He served as editor-in-chief from 2017 to 2018.

 

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

What challenges are top of mind for fleet professionals in 2025? Get exclusive insights from the 2025 Fleet Trends Survey and discover where the industry is headed next.
The most successful fleets accomplish more than delivering freight. To accomplish this, fleets need a fuel that’s reliable, more economical and more sustainable. That fuel is ...
Are your KPIs driving real fleet improvement? Learn how to set smarter, data-driven benchmarks, track success like top-performing fleets, and apply proven strategies to optimize...
Learn how eets can enhance truck utilization and minimize safety incidents using business intelligence and AI. Delve into innovative practices, technology integration and real...