Trakm8 Has Just Got A Great New Contract With Jewson

Jewson are a large chain of builders merchants with a fleet of around 2500. This fleet will soon all be tracked by Trakm8 a reasonable sized vehicle tracking company. This is great news for the company and as a result of securing this wonderful new contract their share price has gone up by 5%.

Large companies often prefer to deal with other larger companies and companies that already have experience of dealing with large outfits such as Jewson. Getting contracts like this does not only increase profits, but it also helps to increase the credibility of the company helping them to win other large contracts.

Vehicle tracking will help Jewson to slash the costs of running their fleets by gaining tighter control over the logistics of their fleet and also by cutting the amount of fuel they use each year.

Trakm8 did not do as badly as many vehicle tracking companies in 2009, but 2010 has proven to be a much better year so far with share prices up considerably from the beginning of last year. At their lowest point they hit only 6p per share. They are now worth around 20p per share.