Systems and methods for tracking the location of an asset may utilize wireless asset beacons broadcasting asset information/data and powered asset beacons secured relative to movable powered assets. The powered asset beacons may be configured to receive signals transmitted from the asset beacons and to ascertain a relative location between the asset beacon and the powered asset to determine an estimated location of the asset. Moreover, the asset beacons may be selectively activated based on the occurrence of a trigger event, such that the asset beacons do not wireless transmit information/data when it is desirable to limit wireless data transmissions.