Insurance for your fleet is an unavoidable expense. Protecting your assets is a must. But you can save from 15 to 30 percent on those insurance premiums—thousands of dollars per year—simply by using a GPS-based fleet management solution in each vehicle.
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With fuel costs double where they were just a year ago, finding ways to reduce consumption and increase efficiency are no doubt at the top of every fleet manager’s to-do list. With sophisticated fleet management solutions like those from GPS Trackit, those jobs are easier than ever before.
Platforms like GPS Trackit’s Fleet Management solution offer a virtually unlimited selection of measurements and metrics. You can take a top-level view of your fleet as a whole, or drill down to specific vehicles and drivers to find more granular insights. With the right set of KPIs (or, key performance indicators), you can monitor the variables that mean the most for your business, from efficiency to safety to cost savings.
Fuel costs rose once again to record highs in late spring, eclipsing $4.50 per gallon nationwide. Any organization that relies on fuel is susceptible to that pain—and that includes school districts and their bus fleets. Georgia public schools were forced to go to remote learning days to save diesel fuel and cash, and a Florida district saw its fuel expenditures rise as much as 40 percent in a matter of months because of just-in-time purchasing policies.
For truckers in the Northeast, it will come as no surprise that I-95 in Fort Lee has once again given New Jersey the dubious distinction of having the worst traffic bottlenecks in the nation. It’s the fourth year in a row a New Jersey location has earned that “honor” which makes the Garden State one of the most difficult for fleet operators to navigate.
One of the main byproducts of record fuel prices? Fleet managers are paying attention to fuel expenditures more intensely than ever. Fuel and depreciation are a fleet’s two largest expenses—but only fuel offers the opportunity for significant cost savings with some simple changes in policy and better analytics.
With fuel prices at close to all-time highs in California and Arizona markets, it’s no surprise that fleet managers are dealing with increased incidents of gas theft. One small business owner came in and discovered five of her trucks had their gas tanks drilled and siphoned—costing her both the value of the lost fuel and downtime for repairs to her trucks’ tanks.
Standard GPS systems installed in a tractor-trailer can help you monitor where your truck is at all times—but if the truck is gone, you’ll only be able to watch it disappear. Just this spring, Ukrainian farmers watched helplessly as their expensive farm machinery was stolen by Russia and moved by truck hundreds of miles across the border.
