The process of long-distance transmission of computer-based information. Vehicle telematics are systems which use remote devices to help road freight operators by using information and communications technology (ICT) to control or monitor vehicles, drivers, trailers and other mobile assets. Some of these systems can monitor the location of vehicles and their activity at any given time as well as driver performance and personal security.
Time Weighted Average
A method for calculating an average market price that weights the price in each trading period equally without regard to the level of demand or volume for that period. See also Volume Weighted Average.