A method and mobile transceiver for asset tracking is provided. In one aspect, a method of operating a mobile transceiver comprising a processor, a memory, a satellite receiver, and at least one wireless transceiver is provided. The method comprises: searching, via a wireless transceiver, for wireless services for connection to a wireless network supported by the wireless transceiver; in response to a determination that more than one wireless service is available: determining whether the mobile transceiver is in a battery powered mode; in response to a determination that the mobile transceiver is in the battery powered mode, selecting a most power efficient wireless service from the more than one available wireless service in accordance with a basic power profile of the available wireless service stored in a memory of the mobile transceiver, wherein the basic power profile includes a power efficiency rating indicator of a wireless access technology of each of the available wireless services supported by the mobile transceiver; and in response to a determination that only one wireless service is available, selecting the available wireless service.