Are you a fleet manager looking to stay ahead of the curve in 2023? It is important to be aware of the latest trends in fleet management so that you can set fleet goals and objectives that will help your business succeed. With the right strategies, you can maximize efficiency while minimizing costs. Here we’ll look at some of the key trends and statistics that are shaping commercial fleet management in 2023.

Telematics Technology 

The use of telematics technology is becoming increasingly popular among commercial fleets. Telematics systems allow you to track vehicles and monitor driver performance in real time. This allows for more efficient routing, as well as improved safety and security. Additionally, telematics systems can also provide valuable insights into fuel consumption and maintenance needs, allowing for more accurate budgeting and planning. In fact, a Deloitte study found that companies using telematics technology saw an average cost savings of 8%. 

Fleet Management Solutions 

In an effort to remain competitive, many companies are investing in advanced fleet management software solutions. This includes using GPS tracking systems as mentioned above, automated vehicle maintenance software, driver monitoring systems, and other technology-driven tools to improve efficiency and productivity. By leveraging these tools, fleets can reduce costs related to fuel consumption and labor as well as improve safety on the road. Additionally, advances in artificial intelligence (AI) are making it easier for fleets to accurately predict potential problems before they occur. The industry-leading video-AI combination in GPS Trackit’s VidFleet system often translates into a 10 percent or more reduction in fleet insurance rates for new clients. The data speaks for itself: More trouble-free miles were driven and fewer accident claims were made. 

Data Analysis 

Data analysis is becoming increasingly important when it comes to fleet management. Companies can leverage data collected from their vehicles’ onboard systems to gain valuable insights into their operations and make better decisions about how they deploy their resources. Do you need more vehicles or crews? Or can you deploy the assets you have more efficiently? The best fleet management software can help you slice the data and make an informed decision.

Driver Engagement 

Fleet managers need to ensure that drivers are engaged with their work in order for them to perform at their best and avoid any safety issues on the road. Companies should consider implementing strategies such as incentive programs or feedback loops so drivers feel appreciated and motivated while on the job. GPS Trackit clients often use the data collected within the fleet management software solution to create driver scorecards—which highlight and reward safe and efficient driver behavior. The data can also be used to tailor training programs to specific driver needs. 

With the right strategies in place, fleet managers have the opportunity to maximize efficiency while minimizing costs in 2023. To find out how you can tailor these strategies to your business, set up a free, personalized demo with a GPS Trackit Fleet Advisor today.