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PeopleNet profits soar in 2010

MINNEAPOLIS, Minn. -- PeopleNet's profits rose 39% in 2010 over the previous fiscal year, thanks in part to more than 200 fleets adopting the company's technology during the year, officials said.


MINNEAPOLIS, Minn. — PeopleNet’s profits rose 39% in 2010 over the previous fiscal year, thanks in part to more than 200 fleets adopting the company’s technology during the year, officials said.

“Our results are due to continuing strong demand by all fleet types looking for more advanced tools to help them operate at top efficiency,” said PeopleNet CFO Michael Goergen. “With 91% of PeopleNet-equipped vehicles now integrated with some type of back-office system, it’s clear that fleets are continuing to adopt integration as a cost-reduction strategy. In 2010 alone, we completed seven new integrations with back-office systems, bringing our total to 81, and we’re currently working with 14 new potential partners. We’ve also completed six integration enhancements, and have 16 more in the works.”


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