FORT LAUDERDALE, Fla. – Fleet Advantage announced the results of its latest survey where it took the pulse of how fleet executives are leveraging data and intelligence for their operations.
The survey, which was taken by more than 700 transportation executives overseeing large fleets (more than 200 tractors), showed that more than a quarter (26%) of professionals say data analysis is lowering their operating costs by $4,000 annually per truck. Fleet Advantage said that five years ago close to 81% of those polled said they had no analytics strategy for their fleet operations. Today, 80% of fleet executives now say they analyze data to track the performance and operations of the trucks. These executives are monitoring fuel trends; vehicle performance such as idling and time in gears; ECM data; and routing and logistics information, and most of them on doing it on a weekly basis.
“The movement toward comprehensive business intelligence speaks volumes about this industry’s thirst to truly leverage and maximize the technologically advanced trucks on the roads today,” said Jim Griffin, chief technical officer of Fleet Advantage. “It’s notable that we’ve evolved from focusing on routes almost entirely to now analyzing every facet of truck performance to identify where improvements can be made for the bottom line.”
A quarter of those surveyed said data has made the most impact on managing fuel costs, while 19% cited maintenance and driver behaviour improvements as key areas data is impacting today.