Geofencing has been used in logistics for years. As the technology becomes cheaper and more widespread, small carriers can use the same tools that mega carriers have been using to grow their business.
Technology is evolving at an incredible rate every year. The world works completely differently than it did 10 years ago, and the trucking industry is no different. A trucking business owner can know where any truck or trailer in their fleet is at any given time from anywhere in the world. This has helped smaller carriers operate on the same playing field as mega carriers have been at a fraction of the cost.
Over the years, as trucks have become more sophisticated, so have their onboard communication systems. The Controller Area Network (CAN) bus monitors and controls almost every aspect of a truck today form motoring the firing temperatures of each piston on the engine to telling if the seat belt is plugged in.
The trucking industry in one of the most competitive industries in the market today. There are over 4.5 million trucks on the road and over 85% of carriers in the industry belongs to owner/operations (1-6 truck fleets). With this many carriers looking for loads to haul, spot rates can get low and profit margins thin.
You want to get the most out of your fleet vehicles, avoid unscheduled downtime, and keep them as long as possible. Here are some tips on how to lengthen the longevity of your vehicles and avoiding maintenance issues that generate DOT fines.