Strategic acquisition aligns connected vehicle technology leaders to improve highway safety and efficiency.
PHOENIX – July 12, 2022 – PrePass Safety Alliance, the non-profit provider of PrePass® weigh station bypass and other advanced truck safety and toll payment technologies has announced the acquisition of CVO Holding Company LLC (CVO).
The Alliance introduced PrePass as the original connected vehicle technology, supported by the organization that would become CVO Holding Company, LLC. As of June 30, 2022, PrePass weigh station bypass has provided over one billion safe bypasses of open weigh facilities, saving the trucking industry over 405 million gallons of fuel and $7.9 billion in operating costs. PrePass reduced truck-related pollution in the same timeframe by more than 905,000 metric tons, the equivalent of taking 161,000 automobiles off the road. Over 105,000 motor carriers subscribe more than 700,000 trucks to PrePass bypass and electronic toll payment services.
“This is the perfect match of two organizations that introduced the concept of connected vehicle technology to the trucking industry and have led the way ever since. CVO has supported PrePass from its inception, helping grow the program into America’s leading weigh station bypass service,” said Mark Doughty, President and CEO of PrePass Safety Alliance. “The Alliance views this strategic acquisition as an exciting opportunity to better serve its state and industry partners while fulfilling our non-profit mission to make highways safer and more efficient through innovative, data-driven solutions.”
From the earliest use of RFID technology to facilitate weigh station bypassing, to the latest developments in connected commercial motor vehicle and electronic toll payment systems, CVO provides best-in-class technology solutions to the trucking industry. For nearly 30 years, the company operated as a division of America’s great commercial giants: Lockheed, Xerox, Conduent, and one of the world’s premier infrastructure investors. Now, CVO will run as a separate but wholly-owned subsidiary of the Alliance.
“For nearly thirty years, the CVO team has delivered cutting edge technology and world-class support to PrePass Safety Alliance and the PrePass program,” said Skip Kinford, President and CEO of CVO Holding Company, LLC. “This acquisition creates an alignment of effort and focus between our organizations that will drive the next generation of commercial motor vehicle safety innovation. We are thrilled to join the Alliance as one team with one mission.”
PrePass Safety Alliance is the only weigh station preclearance provider that offers multiple bypass technology choices. The PrePass bypass app, which includes real-time driver safety ALERTS, works as a standalone application or in conjunction with the PrePass RFID transponder. All PrePass services include access to PrePass INFORM™ software. INFORM helps motor carriers analyze bypass and toll activity to spot trends, improve safety scores, reduce the risk of toll fraud and provide new data insights into their operations.
About PrePass Safety Alliance:
Founded in 1993, PrePass Safety Alliance is a non-profit public-private partnership established to improve commercial transportation safety and efficiency. PrePass allows states to preclear qualified motor carriers to safely bypass ports of entry and weigh station facilities at highway speeds. The Alliance membership is comprised of trucking industry leaders and state agency representatives to ensure that PrePass services remain balanced between safety and efficiency. To date, the Alliance has invested more than $900 million nationwide to deploy services to improve safety, reduce truck-related emissions and preserve highway infrastructure. For more details, visit www.prepassalliance.org.
About CVO Holding Company, LLC:
CVO specializes in systems integration, bringing together complex technologies and infrastructure to enable innovative V2x, connected vehicles, and payment for clients. CVO accomplishes its goals through the development, implementation and operation of advanced IT solutions for the transportation sector and support by our nationwide network of site operations and technicians. For decades, we have worked closely with both government agencies and private industry throughout the USA and Canada. For more details, visit www.cvo.com.
CONTACT PREPASS SAFETY ALLIANCE MEDIA RELATIONS: 602.601.4779 or media@PrePassAlliance.org