Vehicle Tracking systems can directly affect the company’s savings – this has been confirmed by numerous statistics. What does such a system consist of, and how does it translate into company finances?
Devices and software for fleet monitoring are offered by more and more companies, like Get Vehicle Tracking. The market research agency Berg Insight AB calculated that in 2012 in the United States 11.7% of vehicles (not belonging to private individuals) used fleet monitoring, and this figure is expected to soon rise to 22%. The trend for installing such systems is increasing. No wonder – fleet monitoring is a simple system that adds a lot to the efficiency of transport companies.
What does a fleet monitoring system consist of?
Vehicle Tracking is a set of devices that measure specific parameters. These are usually cameras (internal and external, especially useful when analyzing the causes of accidents and bumps), a GPS tracker (tracking the location of the vehicle, which is often asked for by customers themselves), and various gauges. The latter will record, for example, engine temperature or speed, as well as the humidity in the semi-trailer or loading temperature. All this aims to create comprehensive data about the entire course. These, in turn, are sent to management, which can analyze them in real time, or save and view them later – especially when talking about performance with the drivers themselves.
Fewer accidents, less fuel
In the British transport company Andrew Page that dealing with the transport of car parts and tools, the installation of the entire system lead to the reduction of cost of maintaining vehicles by 49%. The number of speeding cases dropped by nearly one hundred percent. In turn, Transportation Society of America confirms that fuel consumption can be reduced by 10% to 20%. Finally, vehicle insurance costs also fall – telematics data offer solid argumentation when negotiating with an insurance company. The value of the fleet monitoring market is increasing: in 2015, it was $8 billion, and the value for 2020 is estimated at $22 billion.
Also, the leasing company Lease Plan notes that in 2015, every second driver wanted to install a fleet monitoring system on board of their vehicle. Lower fuel consumption, lower maintenance costs, and fewer accidents – this is how fleet monitoring affects the performance of a shipping company.