Freight tracking software or vehicle tracking software is one of those prime telematics services which help the shippers to have a better control over the dynamic side of the supply chain. The rise in the usage of satellite & cellular communication enabled cargo loading units in the form of containers and trailers supplements the fact that the transporters want to avail complete visibility in the freight transportation. It should be noted that the inclination towards freight tracking software is not restricted to a particular mode of transportation. Air, Rail, Ocean cargo containers and intermodal cargo containers are racing towards a completely connected freight transportation future at the same pace. By the end of 2014, there were 0.43 million Unit Load Devices (ULDs) which have helped the freight tracking software to monitor the same number of cargo containers via cellular or satellite communication. One can get a better idea about the relevance of freight tracking software with the rise of ULDs since 2014. By the end of 2019, these devices are predicted to clock a compound annual growth rate of staggering 28.5%. This means that by the end of 2019, there will be approximately 1.5 million ULD devices which will be supporting the freight tracking software in monitoring and tracking functions with the help of cellular and satellite communication.